Vehicle Repossession Service (ID: 1011503)

Seller Financing Available!
Asking Price: $500,000
Gross Revenue: $450,000
Cash Flow: $180,000
Inventory: n/a **
Real Estate: $200,000 **
FF&E: $25,000 ++
Business Listed by Ed FixenBusinessQuestLicense: 01773606View All of My Listings
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Business Description

The business is a successful and profitable contract vehicle repossession service company. Based in San Bernardino County, the business is licensed by the State of California and provides services, for banks, lending institutions, and finance companies throughout Southern California. The business enjoys and excellent reputation and gross margins on services are in excess of 50%. Current owner has not marketed the business and there is a significant opportunity to significantly grow the business through some basic sales and marketing. Equipment includes three tow trucks and all office equipment including computers, software that is specific to the business, printer, and laptops for each driver. Business processes include specialized software, contractual documentation, and follow-up procedures to assure quality and service. Seller is relocating to the East Coast but training and on-going help will be provided to a buyer. A Qualified Manager (QM) license is required by the State of California and the seller will contract with a buyer to operate under his license until the buyer can obtain license. The business is located on acre that includes an office, a secured lot for repossessed vehicles and a house. The property can be purchased for an additional $200,000 or can be leased at $1,950/month. Also, the business could be relocated. Seller will finance a portion of the sale.

About the Business

Year Established: 2007
Number of Employees: 6FTE; 0PTE

About the Sale

Reason For Selling: Moving Out of State

Training/Support: 4 weeks at 20 hours per week

Seller Financing: Down payment of $300,000, seller will finance $200,000 for qualified buyer

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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness.Please review our full Terms & Conditions here.