Asking Price: $1,375,000

Gross Revenue: $2,328,535

Cash Flow: $525,000

Seller Financing: In process of obtaining SBA pre-qualification

This is a sophisticated, exceptionally well run and profitable third party collection agency which specializes in collecting short term payday loans. Their clients have an opportunity to place their uncollected debt with this business, on a contingency basis. The majority of the shares in the company are held by two professionals that are essentially absentee owners and the business is professionally staffed with high performance experts that utilize up to date technology and specialized equipment and cater to the specifics of their clients administrative and technological needs. There are 30 agents, all of whom are compensated commission only. They enforce a rigid quality control policy with a Compliance Officer that monitors agents and managers. There are three "key" executive employees: a GM, Administrator and a Technical Support Specialist. 2008 August YTD profits are at record levels of $486,339 YTD (two absentee owners took out an additional $134,000 in salaries) with full year numbers expected to be at least $600K plus another $200K in absentee owner's salaries.

Year Established: 2003

Employees: 39 full time -

Facilities: The facility is owned by the stockholders (not included in sale price) and is rented to the company. The business utilizes 8,000 square feet and there is an additional 3,000 square feet available for expansion.

Market Outlook and Competition: Huge, opportunity for expansion, limited only by desire and capital.

Management Training and Support: It is expected that all management and key employees will remain with company and will provide whatever training is required.

Reason For Selling: Majority shareholders are not active in this venture and have several much larger ventures across the country that requires additional attention and financial resources.