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Collections Agency Portable High Judgment
Location: United States -> California -> Southern California - Los Angeles Area -> Los Angeles
Industry: Business Services > Financial




Business Summary

This portable collections portfolio has about 5,000,000 +/- of collectable accounts on the books that are 0-4 years old. A portion of the accounts are also part of a roster of 300+ judgments for an additional $6.6MM as well. The judgments carry interest at 10% per year, all of them can be renewed, over and over, so in ten years this block is worth $12MM! The clients were very selective on whom they pursued, with only those debtors most likely to be paid as the ones selected. Clean operational history, no legal issues, C-corp. entity so ideally a stock sale would be best for tax efficiency purposes but we can deal with that later per Buyer preference if that's a sticking point.

NDA is required for internal report analysis, financial due diligence package, and the opportunity to do a conference call with the Seller.

Detailed Information

Facilities: Relocatable nationwide.

Competition: Collections is a tough business mentally, however, the Seller has implemented a system within the collections space that treats people with dignity, gets the account squared away, and results in a profitable enterprise.

Growth/Expansion: Existing replicatable template in place to be scalable for a more motivated owner operator. Other opportunities could be nurtured if someone with more enthusiasm for the business took over.

Financing: If the price and deal structure is right.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $263,000
Cash Flow:   $11,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  1958
Number of Employees:  1 - 3
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased

About The Sale

Management Training and Support:  As needed.
Reason For Selling:  Retirement.




Print Listing Id: 700371740
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Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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