NOT DISCLOSED, Tennessee
| Asking Price |
$169,999 |
Year Established |
2022 |
|
| Annual Revenue |
$208,982 |
Reason for Selling |
Family Reasons |
|
| Annual P/L |
$99,875 |
Attention |
Michael Tidwell |
|
| Annual Cash Flow |
$0 |
Listing Number |
993144 |
|
| # of Employees |
|
Business Category |
Services: Transportation - Trucking, Rail, Transit |
|
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.
Property Features and Assets:
<p>Lease Info:</p><ul><li>Square Feet: Parking area</li><li>Total Monthly Rent: $500</li><li>Lease Expiration: Month to Month</li><li>Lease Options to Renew: Possible</li></ul>
Market Competition and Expansion:
<p>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.<br></p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity