Auto Recovery & Repossession Company-Gulf Coast

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Asking Price:
$1,295,000

Gross Revenue:
$1,175,230
Cash Flow:
$576,600
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$350,000
included in asking price

Real Estate:
$400,000
not included in asking price

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Business Description

Business has just been placed under contract, contact us and we will find you a great business opportunity.

This Gulf Coast Business provides complete vehicle repossession pick-up services in a 3-state area. This company is a leader in this central Gulf Coast region and faces little competition in their target market and they have a loyal customer base that keeps them busy all year. For over 14-years they have built a strong reputation and repeat customers for operating a low-risk, zero-confrontation policy that has significantly improved the reputation previously associated with this industry.

The business utilizes 7-tow trucks that work out of a 5,000 SF building with a secure, 1.5 acre impound lot monitored by multiple CCTV cameras and other sensors.

This very profitable business does not take checks or credit cards (cash only to get your car back) and only invoices a select few customers such as banks, credit unions, auto dealerships and other lenders. They will pick-up almost any collateral for these customers; autos, trucks, boats, heavy equipment, motorcycles and trailers.

In 2018 they pulled over 3,350 vehicles. Very profitable and priced to sell fast.

About the Business

Location:
Mobile, Alabama
Year Established:
2003
Number of Employees:
8 FTE
Real Estate:
Owned
Building Sq. Ft.:
5,000
Facilities:
5,000 sq. ft. building; located on 1.5 acre impound lot
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About the Sale

Reason For Selling:
Family Concerns
Training/Support:
Seller will negotiate a transition period

Listing Info

ID:
1516317
Ad Detail Views:
1279

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Business Listed by

Lanier Chew, CBI

Sunbelt Business Brokers and Business Brokers South
License# 61085

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