Take over this turnkey lending business!
Higly motivated seller with reduced asking from ₱4.5M to ₱3.2M plus applicable taxes!
* Valid & current lending license (value: ₱1M)
* ₱1M average cash income per year
* 49% average profit margin percentage per year
* 2-year payback period
* No loan receivables and no legal collection cases
* Customer database of 2 brances
* Operations manual / Process systems
* Scalable for growth - add new branches for same license
Established in 2013, this micro-lending operation is registered with the SEC and operates with a Certificate of Authority as a lending company in compliance with R.A. 9474 Lending Company Regulation Act of 2007.
The company offers and services short-term business and personal loans to SME business owners and teachers, office workers and other professionals for up to three (3) months. Loan portfolio: ₱50 million or above. Gross Income: ₱2-3 million up annually.
The owners – a young couple – have decided to nurture and grow their other businesses and have been winding down their lending business since last year. Currently, they are not actively developing new accounts, but are instead concentrating their efforts on collecting on the remaining loan receivables. As of end 2019, their loan receivable account totaled ₱700 thousand.
Included in the sale of the business are: 100% shares of the company with its valid lending license; operational systems and processes in lending and collection activities which have been developed, implemented and proven effective; and, access to its database of loyal clientele over the years who may be keen to continue to avail of the company’s services.
This business is relocatable to a location of the buyer's choice.
Take advantage of this opportunity to own a turnkey micro-lending business with a track record of consistent and sustainable profitability!
Business is re-locatable?
Number of regular employees
1 to 5
Percent sale on shares sale only
Reason for selling (RFS)
Will disclose to a prospect buyer with signed NDA
With secondary license/s?