Credit Card Debt Settlement Organization
$1,600,000
Franklin County, OH
Gross Revenue
$1,260,899
Owner's Cash Flow
$433,631
Min Down Payment
$160,000
Employees
5 FT
Business Summary
This business was founded in 2006, but its current iteration has existed since 2009. It is a debt settlement organization that provides support to consumers and businesses in financial crisis.
Key Highlights
Year established
2009
Real estate
Leased
Reason for selling
To focus on other business ventures.
Support and training
The owners are willing to accommodate a reasonable transition period.
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Consolidated Cashflow
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Gross Revenue | $1,006 | $8,341 | $1,537 |
| COGS | $4,976 | $8,104 | $7,907 |
| Gross Income | ($3,970) | $237 | ($6,370) |
| Operating Expenses | $7,870 | $7,694 | $7,473 |
| Operating Incomes | ($11,840) | ($7,457) | ($13,843) |
| Net Other Income (Expenses) | ($4,379) | ($3,261) | ($9,694) |
| Net Income | ($16,219) | ($10,718) | ($23,537) |
| Interest | $7,619 | $8,279 | $8,347 |
| Depreciation | $2,998 | $6,930 | $2,343 |
| Amortization | $3,916 | $5,283 | $8,900 |
| EBITDA | ($1,686) | $9,774 | ($3,947) |
| Add-backs | $58,296 | $68,116 | $65,421 |
| Owner's Cash Flow | $56,610 | $77,890 | $61,474 |
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Projected Free Cash Flow
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