Profitable & Reputable Law Office-Collections D...

Central Indiana, IN

Asking Price: Annual Revenue:
Not Disclosed $836,831

Services: Professional

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RE: Profitable & Reputable Law Office-Collections D... Broker: Jamar Cobb-Dennard

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $836,831
Net Profit: Not Disclosed
Cash Flow: $244,663
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2000
Employees: 2
BBN Listing #: 727660067
Broker Reference #: INDIAIN001-N2065

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Business Overview:

The legal office collections division for sale is a standalone portion of the law office that focuses on collections and judgments for small businesses. The collections clients typically offer in-house financing and payment options to private citizens. Every client has a written, contractual agreement and around 10-12 clients have active collections each month. Current ownership dedicates about 10 to 12 hours per week on the collections division for court appearances and motions, some review of debtor questions, and posting all payments and performing basic accounting to generate reports to the clients. Most collectable judgments are started with the first 5 years of referral receipt, with a bump in revenue in the springtime when debtors pay off balances with tax return funds. Business Types Served: • Used Car Dealerships • For-profit Education • Buy-here, Pay-here Businesses • Medical Offices • Dental Practices Investment Considerations: • Purchase comes with a substantial receivables portfolio that leads to trailing income. Receivables with judgments total approximately $18M. • Pre-judgment receivables total $15M • Mature and stable industry, amounts referred and amounts collected have been consistent • Able to expand into other counties for more revenue

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Reason for Selling:

The Seller wishes to focus on the primary practice.

Additional Details:

  • The property is owned.
  • 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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