Active
Established Repossession Comapny
Well established repossession company for sale, in business for over 18+years. Two great locations (GA & TN). Business has dramatically increased, at our GA location. New direct clients (over 90 direct lenders) are being added frequently. The company recovers autos, suv's, boat, travel trailers and much more. Most clients will allow company to resale collateral, which will add more revenue for new owner. Also a few clients will allow the company to purchase some units instead of transporting to the auction. Asking price for GA location only $48,500 (Negotiable for cash buyer). Nashville location has been SOLD. MUST PROVIDE PROOF OF FUNDS TO PURCHASE, also sign NDA. PLEASE FOR SERIOUS BUYERS ONLY. If financing, must have 30K to put down and the remaining balance to be paid in 12 months. ($1,542.00) The business can be ran remotely as well moved to another State, City. The clients will send work no matter where your office is located. Truck is not included in the sell.
Listed By: Omar Kettani
Listed By: Omar Kettani
Background information
Reference:
BF-54654
Year established:
2005
Reason selling:
Health
Finance
Sales:
$289,000
EBITDA:
$142,000
Operations
Employees:
2
Equipment:
N/A
Premises
Facility:
N/A (Home Based)
Location:
Bartow County, GA
Opportunities
Growth:
This business is already operational and profitable, and The Company is poised for rapid expansion over the next 5 years given the increases in auto loan defaults. Very high gross margins from repossession services. Low overhead and operating costs as a function of revenues. Continued acquisition of new tow trucks, in order to continually service the needs of larger client base.
Price and terms
Price:
$48,500
Financing:
N/A
Training:
Owner will provide two weeks of training. M-F during business hours and 30 days of phone calls.