$350,000
Business Type: Financial Related / Debt Counseling Service
Financial Related / Debt Counseling Service
This Phoenix Arizona based company for sale specializes in consumer and business debt settlement and operates in 28 states. Their mission is to help clients live a debt free life by eliminating unsecured debt to pennies on the dollar and offering continuing education to teach clients how to stay out debt and build a solid financial future. With an average debt amount of $30,000, fees are 14.9% of the debt enrolled; this creates residual income over a period of 15 to 20 months. There are over $1 Million in executed contracts/residual income that will flow to the bottom line in 2010 and beyond. Leads are driven through debt specific lead vendors, an online presence through search engine optimization efforts, and referrals from affiliate relationships with mortgage, loan modification, and credit repair companies. The market is filled with businesses, families and individuals who are in financial trouble and in need of these services. Cash flow in 2009 was $130,000 and a 12 month pro-forma prepared by a principal, projects over $500,000 in cash flow to owner.
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