Asset Recovery & Repossession Agency Tow Truck

Reference ID#: 1313
Industry: Service
Location:

Financial Information

Asking Price: 275,000
Annual Receipts: 336,027
Cash Flow: 52,900
Sellers Discretionary Earnings
FF&E: 40,000
Inventory:
Real Estate Available? No
Value of Real Estate

Business Summary

The business offers complete repossession services of all asset types including cars, trucks, heavy equipment, ATV's, motorcycles and aircraft. Offering secure indoor storage for clients requiring extra security for high end collateral. This business is fully licensed, bonded, certified, and insured and is a member of Allied Finance Adjusters and Recovery Specialist Insurance Group. In addition, all agents have completed the RSIG Certified Recovery Agents and CFPB Training programs. The business is a member of the Recovery Data Network (RDS) which connects it to auto lending institutions that need recovery services. In addition, the company has existing contracts with several major auto financiers that supply a steady stream of work assignments. On average 20-30 assignments are received per day and the contract payment ranges from $350-$375/vehicle. There are only 2 smaller competitors within a 50 mile radius.

Facilities

Business is located at a leased space. The office is 3,600 sq. ft and has 4,800 sq. ft. covered canopy space for auto storage.

General Information

Franchise: No
Homebased: No
Relocatable: No
Year Established: 1984
Year Acquired: 1984
Number of Employees: 2 F/T

For more information, please contact us at 1 (888) 415-5118.