25% P&I Monthly Insured

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25% P&I Monthly Insured & Collateralized GREAT OPPORTUNITY
Asking Price:
 Not Disclosed

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

GREAT OPPORTUNITY INSURED, 25% APR PAID MONTHLY $1,259.97 mo, $38,000 OVER 48 MONTHS Total Pay Back $60,478.60, Insured, Multiple Transactions Available Award Winning Management, EXCELLENT RENTAL RETURNS, YOU GET PAID NO MATTER WHAT
Your our lender

Car Rentals (Renter Purchase Option Included) The renter puts up a minimum deposit of $1,500.00

The rental is a weekly rental renewable, where the term of rental may vary. After one year, the customer can choose the option to purchase the vehicle at retail and the deposit may be used to buy the vehicle. If the rental terminates early, mileage charges, restocking and other charges may be applied against the deposit.

Thus the Company realizes revenue from forfeited deposits. This deposit of $1,500.00 X 10 monthly is $15,000.00 X 12 months = $180.000.00 a year.

Paid up front by customer is 1st installment and Service Agreement add-on's $136.00 X 10 monthly is $1,358.00 X 12 mo's = $16,300.00

The rental payments are based on FOUR times the book value of the vehicle. After overhead and predicted losses, the company retains 65% of the up marked value. ($5500 retail X 4 = $22,000.00 - overhead and loss = $14,300 Gross Profit X 10 $143,000 X 12 = $1,430,000
Your 25% P&P = $357K A YEAR

About the Business

Year Established:
2015
Number of Employees:
6
Home Based:
Yes
Franchise:
Yes
Real Estate:
Owned
Facilities:
Current assest we have over 400 Program vehicles in each franchise quad, four different locations of which we control business and sales.
Fixed assets $7,450,000
Financial assets (non-disclosure)
Intangible assets differs depending on the type of asset, and they can be either amortized or tested for impairment each year,
Website:
www.nocreditck.com/
Market Outlook/
Competition:
We have developed a national and growing niche market that serves sub-prime credit customers by providing them with access to vehicles through a weekly renewable rental program with an option to buy. We rent Quality pre-owed vehicles with low mileage
Good people with bad credit are limited in financial help and are being taken advantage of by “Credit Predators.” By undercutting the competition through affordable pricing and Superior Customer Service “…the only Dealership in Gulf Coast that enables honest customers into getting a vehicle.
Growth & Expansion:
Depending on the investment placed, we pay 20% to 25% interest based on bundles. Bundles range minimum 10 units with initial investment of $38,000 up to no more than 150 units cap of $500,000.00 (special conditions for Premium Bundle Purchases $500,000.00 to $1.5M
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About the Sale

Reason For Selling:
GREAT OPPORTUNITY INSURED, 25% APR PAID MONTHLY $1,259.97 mo, $38,000 OVER 48
Training/Support:
TMS- Management & Efficiency- TMS pushes “Employee Effectiveness” keeps our staff focused and on task.
Working in Harmony is important. TMS covers a wide variety of areas with drop downs going into
a broad spectrum of uses. It even tracks our vehicles in the US. *Accounting Administration *Contract Status *Finance *Help *Legal *Management *Sales *Shop *Time Clock

Listing Info

ID:
1379933
Ad Detail Views:
1028

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Business Listed by
Ralph Cox

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U.S. Census Data for Harrison County, MS
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Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Harrison County, MS
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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