Established Collateral Repo Business - Recession Proof
Business Description
Be your own boss!!
The collateral recovery industry is unique in that it thrives during recessions, yet also maintains a steady volume when times are good and banks are lending more freely. The seller has developed strong relationships with direct lenders as well as national forwarding companies who frequently provide as many assignments as the owner can manage. The current owner is selling the business due to family reasons and will offer a comprehensive two-week training period in person, followed by two weeks of phone support to ensure a smooth transition for the buyer. If you would like more information regarding this repo business, please contact us.
About the Business
- Years in Operation
- 3
- Facilities & Assets
- Lease Info:
Square Feet: Parking area
Total Monthly Rent: $500
Lease Expiration: Month to Month
Lease Options to Renew: Possible - Market Outlook / Competition
- The industry is not highly saturated due to its stigma, making it an attractive sector for new entrants.
- Opportunities for Growth
- Growth potential by adding a spotter or a driver. Equipping truck with license plate reading cameras, would make the job quicker. Online marketing and lead generation. Cold calling to get on dept collection agencies, recovery management companies / Forwarders list. Operating with professionalism and integrity will help a new owner build relationships with lenders and forwarders. They are eager to work with recovery companies that operate with professionalism.
Real Estate
- Owned or Leased
- Leased
- Rent
- $500.00 per month
About the Sale
- Seller Motivation
- Family Reasons
- Transition Support
- 4 weeks
Listing Info
- ID
- 2379242
- Listing Views
- 705
Listing ID: 2379242 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. See our full Terms of Use. Learn how to avoid scams.
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