Business For Sale

Repossession Company with Banking Clients

Omaha, NE
Douglas County


Asking Price: Annual Revenue:
$275,000 $629,155

Automotive & Boats: Auto Retail - Auto Parts


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RE: Repossession Company with Banking Clients Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $275,000 10% Buyer Down Payment: $27,500 10% Seller Financing: $27,500 80% Bank Loan: $220,000 A 10% down payment of $27,500 profits $102,179 in the first year after debt payments.

Quick Facts

Asking Price: $275,000
Annual Revenue: $629,155
Net Profit: Not Disclosed
Cash Flow: $143,025
Total Debt: Not Disclosed
FF&E: $296,305
Real Estate: Not Disclosed
Year Established: 1984
Employees: 5
BBN Listing #: 643934398
Broker Reference #: SER045

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Business Overview:

For over 30 years, this repossession business has worked with lending institutions to recover, transport and remarket vehicles. Located in Omaha and servicing a 100-mile radius across Nebraska, Iowa and South Dakota, this company is fully staffed with room to grow. Open accounts currently sit at 234, with services comprising voluntary & involuntary repossessions, skip tracing, secure storage and locksmith needs.

The business operates out of a 1,200-square feet office space, with an outside storage lot capable of accommodating 60 vehicles. The seller is looking to retire, but has a full staff in place, including an Office Manager, 1 Part Time Truck Mechanic, 1 Spotter and 2 Field Agents. To cover outlying service areas, the seller works with a network of subcontractors to assist with repossessions.

Growth exists through working with forwarding companies, who are a major player in the repossession game. A buyer should also consider increasing locksmith services and hiring an Office Assistant to help with the Office Manager’s workload. This is a great chance to join a growing business in an in-demand market.

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Property Features and Assets:

Building: 1,200-square feet office space, with outside storage lot for 60 vehicles Assets Included in Purchase: $296,305 Equipment: $47,163 - Magnum Wheel Lift, dollies, office furniture, fixtures and equipment Vehicles: $249,142 – Bobcat, 4 trucks, repo equipment Intangible Assets: Excellent reputation, client relationships and CFBP certification *replacement value

Market Competition and Expansion:

Service Area: 100-mi radius - Nebraska, Iowa, South Dakota Number of Clients: 234 open accounts with 161 lending institutions. Many clients are found through trade groups. Services: Voluntary & involuntary repossessions, skip tracing, secure storage, locksmith services Growth Opportunities: Work with forwarding companies. Increase locksmith services. Hire an Office Assistant to help Office Manager’s workload.

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.

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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