Asset Recovery & Repossession Agency

Leesburg, GA
Lee County

Asking Price: Annual Revenue:
$275,000 $336,027

Services: Transportation - Trucking, Rail, Transit

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RE: Asset Recovery & Repossession Agency Broker: Tim Dalton
License #: 206069

Quick Facts

Asking Price: $275,000
Annual Revenue: $336,027
Net Profit: Not Disclosed
Cash Flow: $52,900
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: Not Disclosed
Year Established: 1984
Employees: 2
BBN Listing #: 299848041
Broker Reference #: IBB1313

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Business Overview:

The business offers complete repossession services of all asset types including cars, trucks, heavy equipment, ATV's, motorcycles and aircraft. Offering secure indoor storage for clients requiring extra security for high end collateral. This business is fully licensed, bonded, certified, and insured and is a member of Allied Finance Adjusters and Recovery Specialist Insurance Group. In addition, all agents have completed the RSIG Certified Recovery Agents and CFPB Training programs. The business is a member of the Recovery Data Network (RDS) which connects it to auto lending institutions that need recovery services. In addition, the company has existing contracts with several major auto financiers that supply a steady stream of work assignments. On average 20-30 assignments are received per day and the contract payment ranges from $350-$375/vehicle. There are only 2 smaller competitors within a 50 mile radius.

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Property Features and Assets:

Office is 3,600 square feet and canopy for housing cars is 4,800 square feet.

Reason for Selling:

Owner retiring.

Additional Details:

  • The property is leased.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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