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I am looking into starting a car loan title business. I am in need for a comprehensive business plan which, includes, the pros and cons of this industry in order to find out if this is the right business for me. I have an extensive knowledge of cars but none of loans. The business plan needs to included: start up costs, how fast should I expect the business to grow between 1 to 5 years? A market analysis, how many employees required? Competition, what would be my overall overheads? Is franchising a better option for me? All laws and regulations of several states these included: New Jersey, Upstate New York, North Carolina, Florida and Georgia. I am also open for suggestions if there is a better state suitable for this type of business. What interest rates are suitable for me to make a legitimate profit? What would be the repo costs if someone defaults the loan. I am not sure, of the amount of research that goes into this type of business plan, therefore, I am starting this bid at t...
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