The Company is a full service collection agency specializing in Worker’s Compensation and Personal Injury lien recovery for medical providers throughout California.
The Company was founded in May 2009 by the current owner. The owner has over 20 years of industry experience and successfully ran a similar business for over 15 years which was later sold to a private equity firm. The owner founded this company following the expiration of the non-compete agreement and support of the previous owners.
Reason for Sale
The owner is ready to retire. The owner is willing to provide training and support to ensure a smooth transition for the new owner.
The Company provides comprehensive Worker’s Compensation and Personal Injury lien collection services. The Company provides WCAB representation at all Worker’s Compensation Boards throughout northern and southern California. The Company retains legal services to facilitate Personal Injury lien collections.
The Company serves a growing customer base in California with the greatest concentration of clients in southern California. The Company represents all major medical specialties and currently has over 30 clients, some of which have been employing the owner for over 15 years. Its’ client base includes medical clinics, diagnostic MRI facilities, ortho and neuro specialists, chiropractors, neurosurgeons, internists, pain management, acupuncturists, interpreters and physical therapists.
The Company relies exclusively on client referrals and word of mouth advertising for generating new client relationships. The Company does not spend any money on advertising, marketing, internet presence or other traditional methods for lead generation.
The Company employs 7 full time, and 2 part time employees. The 7 full time employees’ work 8-5, Monday-Friday and the 2 part time employees work three days per week. The Company employs knowledgeable and experienced collectors who have been with the company for three years or longer.
The Seller is looking for a particular buyer who is willing and able to build on the reputation the Company enjoys while helping their growing client base to achieve their collection objectives.
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Property Features and Assets:
The Company occupies a 1,860 sq. ft. office in an upscale area of central Los Angeles. The facility is clean and suitable for supporting the current and future needs of the business. The current lease is transferable to the new owner.
Market Competition and Expansion:
The business is poised for continued growth and profitability, is well-staffed and offers an excellent opportunity for a new owner to achieve an attractive return on investment. The potential for accelerated growth in revenues and profits can be realized through several strategies that the owner will share with the new owner.
Reason for Selling:
- 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.