Description of the business for sale
Company is a financial services firm specializing in commercial debt management. The Company provides debt restructuring and relief to corporations that are unable to meet all or a portion of their current financial obligations through a process involving third party negotiations. The Company relies on its experienced professionals, affiliate network of attorneys, and the Company s 20 year track record in the industry to generate new debt contracts that are within their clients monthly cash flow. In 2008, the Company will be in its twenty first year of operation, having served thousands of clients in all regions of the US. The Company boasts a 95% success rate in helping companies manage their debt and continue operations without declaring bankruptcy.
GROWTH: Demand for commercial debt restructuring services is growing as companies face more stringent bankruptcy laws which took affect on October 17, 2005. The new law has not only made it much tougher for consumers filing bankruptcy, but has also included several changes that are not friendly to small business owners. A small business, under the new bankruptcy law is defined as any business with $2,000.000 in debt or less. The new provisions that are most unappealing for sm
COMPETITION: Competition in the industry is moderate as companies differentiate their services on many levels.
ADDITIONAL FINANCIAL INFORMATION:
REASONS FOR SELLING: Wants to take the company to the next level.
|
Support / Training provided by seller
Owner is interested in being retained.
|
|
Description of the facilities
Companyheadquarters consists of 3,200 square feet of office space. The administrative personnel and negotiating team are based in this office. The Company s network of outside sales associates operate independently and no additional office space is rented.
|