Asking Price: $390,000

Gross Revenue: $412,200

Cash Flow: $155,000

FF&E: $98,500 (Included in Asking Price)

THE OPPORTUNITY
Our client Company is regarded as a leading debt recovery firm for over 40 years within the region. The procedures are professional, sophisticated and technically superior to competitors. Debt collections are processed using all formal methods to include automatic bank processing, credit card or through the company web site. Contingency fees are paid upon collection. The Company holds general contract actual agreements for a large number of clients. The full service collection and credit reporting agency is a fully automated company pursuing voluntary payment but is capable of providing legal action to ensure collections. The company holds membership in the American Collectors Association.

THE ASSETS INCLUDED
This turnkey operation includes all equipment. Real estate may be purchased for $350,000. All proprietary and trademarked intellectual properties are also included. Training and support are negotiable. The Owner would consider leasing the property at $13/psf (modified gross lease). A current staff member could be considered “management” capable.

THE MARKET
Competition is limited both in service and size. This company is considered the primary collections company for the region. The general market for debt collections will grow as the national economy tightens. The general area is considered stable with annual growth in population relative within the State.

THE REASON FOR SELLING
The owner desires to retire.

THE IDEAL BUYER
Service oriented individuals with or without financial background. The current owner had no previous experience in the industry. National collection companies seeking entry into the region. Family or partnerships seeking “add-on” products and/or services.