Listing ID # 33042
Here is an opportunity to purchase an established lucrative franchise business model at a great discount. This is a semi absentee business in the student loan consolidation industry. The original license is valued at over 150k. This is a full license with a great back-up support team as well as hardware and software. Full training from the lead office of this business-up to 6 weeks, as well as ongoing training for new reps. As the owner of this business, you can hire as many sales reps as you would like to grow your business. The student pays a fee to process their application. The business handles the intake of the documentation and the entire consolidation process which takes approximately 90 days is handled by a back-office. The original business model is advertised as earning a Gross Income of $360,000 and a conservative cash flow after all expenses of $240,000. A buyer will receive 100% proof of this business proven track record. The owner of this business operated for three months and earned a net cash flow of $25,000 but discontinued the business because he did not have the time and the additional working capital needed to grow this business.
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