Repossession Business With Dozens Of Clients
www.GlobalBX.com
Listing ID:
700287845
Listing Title:
Repossession Business With Dozens Of Clients
Quick Link:
http://www.globalbx.com/listing.asp?bId=287845
Industry:
Auto Related
Industry Segment:
Other Auto Related
Country:
United States
State / Province:
Nebraska
Area
City:
Omaha
Asking Price Range:
$250K - $500K
Gross Revenues:
$629,155
Cash Flow:
$143,025
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
1984
Number of Employees:
4 - 5
Business Description:
For over 30 years, this repossession business has worked with lending institutions to recover, transport and remarket vehicles. Located in Omaha and servicing a 100-mile radius across Nebraska, Iowa and South Dakota, this company is fully staffed with room to grow. Open accounts currently sit at 234, with services comprising voluntary & involuntary repossessions, skip tracing, secure storage and locksmith needs.
The business operates out of a 1,200-sq. ft. office space, with an outside storage lot capable of accommodating 60 vehicles. The seller is looking to retire, but has a full staff in place, including an Office Manager, 1 PT Truck Mechanic, 1 Spotter and 2 Field Agents. To cover outlying service areas, the seller works with a network of subcontractors to assist with repossessions.
Growth exists through working with forwarding companies, who are a major player in the repossession game. A buyer should also consider increasing locksmith services and hiring an Office Assistant to help with the Office Manager-s workload. This is a great chance to join a growing business in an in-demand market.
Next Steps
For a detailed financial package, please contact Cortney Sells or one of The Firm Business Brokerage's professionals at 402.998.5288.
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