Pictures are stock images and are not indicative of the actual business.
Annual Cash Flow
Lease Rate: $400,000
Real Estate: $400,000
Company with Strong Reputation, in a Three State Region of the Gulf Coast
This Gulf Coast Business provides complete vehicle repossession pick up services in a 3 state area. This company is a leader in this central Gulf Coast region and faces little competition in their target market and they have a loyal customer base that keeps them busy all year. For over 13 years they have built a strong reputation and repeat customers for operating a low risk, zero confrontation policy that has significantly improved the reputation previously associated with this industry.
The business utilizes 7 tow trucks that work out of a 5,000 SF building with a secure, 1.5 acre impound lot monitored by multiple CCTV cameras and other sensors.
This very profitable business does not take checks or credit cards (cash only to get your car back) and only invoices a select few customers such as banks, credit unions, auto dealerships and other lenders. They will pick up almost any collateral for these customers; autos, trucks, boats, heavy equipment, motorcycles and trailers.
In 2017 they pulled over 3,000 vehicles and 2018 is ahead of that. Very profitable and priced to sell fast.
Listing Agent:Lanier Chew
Real Estate: Owned
Building SF: 5000
Employees: 8 FTE
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: 5,000 sq. ft. building; located on 1.5 acre impound lot
Support & Training: Seller will negotiate a transition period
Reason for Selling: Family Concerns