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Automotive Repossession Agency
Location California,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $3330000
Net Profit / Cash Flow $1500000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2003
Number of Employees 1 - 3
Inventory 478000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will train.
Reason for Sale Other ventures.
Description This, very well respected, Western US Based Company assists their clients in the recovery of loan collateral; most often Motor Vehicles, Boats, Recreational Vehicles and Motorcycles.
The firm enjoys exemplary margins driven primarily by focusing on the more profitable business niches while strongly controlling overhead expense.
Their customer list includes Automobile Manufacturers, Major Banks and Credit Unions as well as Finance Companies ranging from nationally known firms to smaller local concerns. Additionally they provide Skip Tracing, Field Calls, Auto Transport, Automotive Locksmithing and Storage services for their clientele.
The company owns and operates a fleet of 8 trucks (which are included in the purchase price)and, in addition, utilizes subcontractors in respect to an additional 9 trucks. This combined fleet of 17 vehicles allows the firm to service 2 large metropolitan areas from two different office locations.
Both offices and trucks are equipped with the latest in technology including such innovations as on-vehicle video cameras, state of the art computer systems and GPS satellite navigation equipment.
Founded in 2003, this firm has quickly grown into one of the largest and most highly regarded firms in its industry. The owner believes, moreover, that with the addition of aggressive and efficient new ownership the company could grow volume and profits by a multiple of three to four times over a relatively short time while utilizing resources already in place.
This would be accomplished via the implementation of a formal marketing, sales and customer retention program coupled with expansion into other ancillary income areas such as remarketing services, skip tracing and general towing.
The seller is willing to stay on for a period of two months included in the purchase price and would consider staying on for up to a year for the new owner under a mutually acceptable employment agreement.
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