Income growing, recession-proof business, and scalable. Complete transition assistance training. Potential of over $1,000,000 per year net profit or more.
That's how a classified ad reads for any good credit repair business for sale.
If you're looking for a credit repair business for sale, one way you can save money is through buying a franchise that includes everything you need to run your business. The major reason to buy a credit repair business for sale is to acquire the revenue stream, which is derived from the brand, ongoing operations executing the credit repair files, and referral sources.
That said, in most markets, there are so many other professionals dependent on having clients with good credit (real estate agents, car dealers, furniture and jewelry dealers, even college admissions counselors) that developing referral sources is quite easy. Postcards, flyer drops, "lunch and learns" along with a "mail route" of pop-by's have all been proven to produce business.
Other aspects of a credit repair business for sale, such as the brand and ongoing operations can be quickly ramped up with less cost than purchasing an associated business in most cases. Equipment required is minimal, and staff can be completely trained in a few days with one online video training and coaching teleconferences.
What would be the price of a business that had over a million dollars per year in net profit? What if you could find a Credit Repair Business for Sale for pennies on the dollar - all you had to do was improve the marketing and hire some help?
Before you purchase an existing credit repair business for sale, we recommend comparing the cost of starting one, using a complete turn-key franchise type system.
As you evaluate your options, we recommend you look for the following components:
- Legal Support. Credit restoration is an ever changing field, and not an exact science. Credit Bureaus evolve their recipe for distilling a credit score, the market produces more people with delinquencies, and creditors change their policies. A good system will provide you with unlimited paralegal support as well as access to a nationally-recognized credit repair attorney for coaching calls, mastermind sessions, and updates on the details of operation of a credit restoration business.
- Online video training. This will allow you to replace staff quickly, scale up your team, and provide access to the latest version of training in this ever-changing field. In addition to video training, coaching calls with other credit restoration professionals can help you learn from others' mistakes outside your service area.
- Marketing Support. As you look at any credit repair business for sale be sure to consider the marketing in place. Generally, referral relationships are one of the easiest and most consistent sources of business. One upside to referral sources is that of transparent accountability in that you'll quickly see where the bulk of your leads are coming in from and be able to develop that further. A good system will include brochures, a website, flyers, materials for "lunch and learn" presentations to referral sources or materials for consumer presentations such as real estate offices and religious or civic groups.
When you invest in a credit repair business for sale, you can add this as a revenue stream if you work with real estate, personal services (i.e. taxes, insurance, etc.), or anyone that depends on attractive financing for clients (i.e. mortgage lenders, car dealers).
Note that like any business opportunity, we cannot guarantee your success. That said, we work to maximize your success. Your level of success depends on your work invested, talents, etc. Take the time to fully investigate and make the decision that's right for you when you look for a credit repair business for sale.
One advantage to this business is that it's generally recession-proof, because during a soft economy, the base of potential clients increases. Over eighty million americans have bad credit, and millions are willing to pay to get it fixed.
In looking at any business opportunity - including a credit repair business for sale, you'll want to evaluate a few key areas:
Is the sector or opportunity growing or shrinking? Credit scoring is definitely here for life, and it's importance continues to grow. Having good credit makes a substantial difference to anyone buying a home or car, getting car insurance in most states, getting a new job, or financing just about anything.
Is it scalable? If you were to buy a conventional brick-and-mortar business like a dry cleaner, often times the only way to increase the business is to open more locations. Investing in a credit repair business for sale means you can help a wide geographic area just by increasing your marketing or sales efforts.
Are you selling on price? This is an area where the right credit repair business for sale really shines: the right system will make you the expert (or your team). You could build this business yourself, but you could end up spending over a million dollars on software, thousands of hours on research, and many thousands of dollars on marketing ideas that didn't work. Just as there's a difference between a Porsche and a Buick, your credit repair business will be able to clearly demonstrate your value and therefore command a better price in the market.
Starting a franchise of a credit restoration business, instead of purchasing a credit repair business for sale can save you money and provide a higher rate of return.
Edward Jamison is the nation's #1 credit repair attorney, and has created a complete turn-key http://creditcrm.com/news/credit-repair-business-for-sale/
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