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Collection Services Company

Louisville, KY

Seller Financing Available

Collection Company
Asking Price:$100,000
Gross Revenue:$254,732
Established Year:2014
Cash Flow:$30,153
EBITDA:$1,934
Listing ID: 2279350Listing provided by BizBuySell
BUSINESS DESCRIPTION

This collection company has been established for over 10 years and is very easy to operate. The Company is NOT a franchise. It currently uses a remote employee/ home-based business model which reduces overhead and allows the owner to manage operations with very little effort or time . The owner does not do collections, and is largely absentee. Anyone with good organization skills can run this business. Loyal employees and well established workflows will assist in a smooth transition of ownership. For more information and fastest response, please visit the Business Brokers & Consultants website to complete a non-disclosure agreement.

DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Employees
2
Facilities
This business is currently home based with employees who work remotely.
Growth & Expansion
According to the US Census Bureau, there are only 6,858 collection companies operating the US generating annual gross revenue of over $20.2 Billion dollars and $2.6 Billion dollars in Net Profits. The industry's annual growth from 2019 to 2024 was 1.6% and is expected to grow by another 1.4% over the next 5 years. This Company has steady clients and lots of opportunity for growth. The current owner is retired and has really narrowed down the number of accounts served. It was once, and could again become a much larger operation.
Support & Training
The Seller will train for a period of two (2) weeks after closing as part of the purchase price and is willing to provide phone support thereafter on a contract basis.
Reason for Selling
Retirement
Home-Based
This business is Home-Based
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R FLORENCE
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OTIS R FLORENCE
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