Services - Other Business Services | Services - Other Miscellaneous services

$Seller Financing Available

Asking Price	$785,000	Inventory
Gross Income	$631,768	Real Estate	$285,000**
Cash Flow	$313,000	Year Established	1984
FF&E	$290,000*	Employees	5

* included in the asking price

** not included in the asking price

RARE Opportunity to get into the Repo industry at the right time!

Repo businesses do not come up for sale often and they are hard to get into. There is no experience necessary to run this 25 year old repossession business because there are Key People in place that know how to run the business. Owner works about two days a week. The Business itself is relocatable and is set up so a new owner could monitor the business remotely from anywhere with an internet connection. The company has a good reputation in the industry and has contracts with some of the top Fortune 500 lenders in the country. The Company is known for fast, damage free repossessions. When the economy is down repossessions are up and to top it off, the cash for clunkers campagn was a big success. Guess what that means for the Repo industry. That is right, a certain percentage of the loans for all those cars sold WILL go bad and when they do the repo business will explode. The sale includes 6 low profile repo trucks, 1 flatbed rollback, international 12 car hauler and all the tools you need to repossess a car. State of the art equipment and a sure fire system will make for a smooth transition. There is Real Estate and a 10,00 sq ft building for lease of sold seperately.

Attachments: Download additional information (DOC)

Facilities: 6 Repo Trucks, 1 rollback flatbed, 1 international 12 car hauler. Go jacks, wheel dollies, lockout equip, chains, straps, battery packs, flashlights, and laptops for all the repo trucks. 4 HP desktop computers and a server about a yr old. New operations and marketing software. Desks, chairs, filing cabinets and all office supplies needed. To much to list all. Two acres and 10,000 sq ft building sold seperately.

Competition: There are more cars to be repossessed than companies to repossess them. There are appoximately 6000 repos a week in the state of Michigan.

Growth/Expansion: New markets just opened up and now liquidating collateral for the lenders generates a new stream of revenue. If the new owner follows the marketing plan set in place by the owner he could easily double his business.

Seller Financing Available: Yes

Financing: Seller financing may be available.

Support/Training: Owner will provide 30 days training.

Reason Selling: Other business interests.