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Asking Price
$1,295,000

Annual Cash Flow $454,428

Annual Revenue $1,039,330


EBITDTA: N/A

FF&E: $400,000

Lease Rate: $400,000

Ref ID: N845-LC

Real Estate: $400,000

Established: 2003

Business Description

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.

Detailed Information

State:AL

Listing Agent:Lanier Chew

Real Estate: Owned

Building SF: 5000

Employees: 8 FTE

Furniture, Fixtures, & Equipment (FF&E): Included in asking price

Phone:2518020516

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