Collateral Recovery Business - Recession Proof

Business Overview:

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.

Contact the Seller:

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Property Features and Assets:

Lease Info:

• Square Feet: Parking area
• Total Monthly Rent: $500
• Lease Expiration: Month to Month
• Lease Options to Renew: Possible

Market Competition and Expansion:

The industry is not highly saturated due to its stigma, making it an attractive sector for new entrants. 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.

Reason for Selling:

Additional Details:

Relevant Links:

• View more Tennessee businesses for sale
• View more Businesses For Sale in the same industry
• Sell a business online
• Find a business broker