Business For Sale

34 Years Established Auto Recovery & Repossession

not disclosed, GA

Leesburg


Asking Price: Annual Revenue:
$275,000 $414,729

Services: Transportation - Trucking, Rail, Transit


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RE: 34 Years Established Auto Recovery & Repossession Broker: Tim Dalton
Owner Financing is Available!
Owner Financing Is Negotiable

Quick Facts

Asking Price: $275,000
Annual Revenue: $414,729
Net Profit: Not Disclosed
Cash Flow: $79,707
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: Not Disclosed
Year Established: 34
Employees: 2
BBN Listing #: 483348041
Broker Reference #: IBB795

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Business Overview:

The business was started by the owner and his wife in Southwest Georgia with one truck and has built a solid reputation of honesty, integrity and reliability for 34 years. The business offers complete repossession services of all asset types including cars, trucks, heavy equipment and aircraft, in addition to offering inside storage for clients requiring extra security for high end collateral. It 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:

Facilities Description: Heated 3,600 square feet of leased space, with an additional covered canopy space of 4,800 square feet for outdoor vehicle storage.

Reason for Selling:

Owner wants to pursue other business opportunities

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.

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