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40 Year Old Secured Loan Company For Sale

Columbia, Tennessee (Maury County)

Services - Finance, Banking, Loans & Leasing | Services - Other Personal Services

Asking Price $1,300,000 Inventory  
Gross Income $430,000 Real Estate $250,000* 
Cash Flow $113,500 Year Established 1968
FF&E $8,000* Employees 5

* included in the asking price

** not included in the asking price

The oldest operating secured loan company in Columbia, TN. Prime downtown location with real estate and parking. 2nd floor of building is not occupied so new owner could rent out for additional cash flow. Staffed with five employees, one who has been there 35 years. Could easily be owner operated or absentee.

Facilities: The 2-story building is 2011 sq. ft. and the business is operated on the first floor. The second floor is vacant. There are several parking spaces which is rare in the downtown area.

Competition: A few competitors however this business is the oldest in the area.

Growth/Expansion: Plenty of room for expansion or rent out 2nd floor.

Support/Training: Current employees can train.

Reason Selling: Estate settlement

AD # 371332

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