Payment Services Company for Sale in Fenton, United States

For Sale: Payment processing company with more than 600 business clients.

Established 10-20 year(s)
Employees 5 - 10
Legal Entity S Corporation
Reported Sales USD 900 thousand
Run Rate Sales USD 1.3 million
EBITDA Margin 37 %
Industries Payment Services
Locations  Fenton
Local Time 6:53 PM America / Chicago
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 8.5 million (Native Currency: USD 8,500,000)
Reason: - Want to move out of Michigan and invest in other projects such as a new company that we are planni... View More
Includes physical assets worth USD 20 thousand
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Business Overview

- Online payment platform based in Fenton, MI that has been operating for 10 years.

- We have partnered a well-identified payment processing company for the Michigan region and we are known as one of the leading credit card payment processors.

- Have experience and expertise to meet the needs of businesses across all industry verticals and the payment processing is done through POS devices, online virtual terminals and mobile devices.

- We have more than 600 businesses processing payments through us.

- We receive a monthly residual income that can be discussed later. Residual income is nothing but the commission we receive from our clients.

- Business has no debt.

Products & Services Overview

We offer payment processing through POS devices and online virtual terminal for businesses by partnering with a technology company.

Assets Overview

- Company stock value and ownership of residual income.

- A few computers, tables, desks and chairs of the office.

Facilities Overview

Leased office with a monthly rent of USD 2,500.

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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