Business for Sale Overview:
Great business for sale and business opportunity to purchase full service debt portfolio collection agency. They employ professionals who are competent in all aspects of collecting accounts receivable for select businesses and various branches of the government. Unlike standard collection and letter service companies, this service does not charge any up-front costs which eliminate most budget requirements. They earn their fees solely on performance.
During the past 40 years, this collection service has been an industry leader in developing a wide array of automated collection tools and procedures. These sophisticated devices have afforded their clients some of the highest recovery results in debt collection.
As a full service collection agency, they are receiving accounts from many different types of clients; utility, government, medical, hospital, commercial, retail and other miscellaneous type clients. Department managers are responsible for maintaining policy within their assigned department as set forth in the company policy. Performance on assigned accounts and client "public relations" image is top priority and includes: Employee motivation, training, auditing of work performance, monitoring of collection calls, monitoring of adherence to the State of California Robbins-Rosenthal Fair Debt Collection Practices Act and provisions of the Federal Fair Debt Collection Practices Act. Because of their exposure to consumer credit reporting, they monitor all activity relating to the Federal Fair Credit Reporting Act. This business provides an excellent opportunity for buyer to purchase a debt portfolio.
Each department manager maintains direct communication between both the employees they manage and the general manager office. This ensures quality workflow for each client and on every assigned collection account. Their service includes:
- Automated collection environment
- Internet access to assigned account statistics and status
- Telephone and mail communication
- New locate information on mail returns
- Credit reporting to all credit bureaus
- Skip tracing and asset investigation
- Legal action and judgment enforcement
- Worthless check recovery (far exceeds DA check program)
- Automated dialer with messaging capabilities
Equipped to effect collection in all 50 states and internationally. There are many fine collection agencies in the industry today. Very few possess automated technology and the knowledge to implement such technology. This has helped this business to maintain its leadership and ability to recognize and meet the specific needs of each client. Owner is retiring. Good business opportunity for merger into existing business or individual with experience in this or related field. Turn key business opportunity operation.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
2,200 square feet building.
Reason for Selling:
Retirement
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.