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Description

SOLD ‘Q3 2022

Portable Collections Agency $6MM Judgment Portfolio Included

Los Angeles, California (Los Angeles County) (Relocatable)

Seller Financing Available if the price and deal structure is right.

Asking Price: 

$250,000

Gross Income: 

$263,000

Cash Flow: 

$110,000

EBITDA: 

N/A

FF&E: 

$0.00

Inventory: 

N/A

Real Estate: 

N/A

Year Established:

1958

Employees:

N/A

Business Types:

Finance, Banking, Loans, etc.
Agents & Brokers

* included in the asking price

Business Description

This portable collections portfolio has about 5,000,000 +/- of collectable accounts on the books that are 0-4 years old.  A portion of the accounts are also part of a roster of 300+ judgments for an additional $6.6MM as well.  The judgments carry interest at 10% per year, all of them can be renewed, over and over, so in ten years this block is worth $12MM!!!  The clients were very selective on whom they pursued, with only those debtors most likely to be paid as the ones selected.  Clean operational history, no legal issues, C-corp. entity so ideally a stock sale would be best for tax efficiency purposes but we can deal with that later per Buyer preference if that’s a sticking point.  NDA is required for internal report analysis, financial due diligence package, and the opportunity to do a conference call with the Seller.  NDA is required {SUBMIT BELOW} for Executive Summary on file with ProNova Partners.

Detailed Information

Facilities:

Relocatable nationwide.

Competition:

Collections is a tough business mentally, however, the Seller has implemented a system within the collections space that treats people with dignity, gets the account squared away, and results in a profitable enterprise.

Growth/Expansion:

Existing replicatable template in place to be scalable for a more motivated owner operator. Other opportunities could be nurtured by someone with more enthusiasm for the business took over.

Financing:

If the price and deal structure is right.

Support/Training:

As needed.

Reason Selling:

Retirement.

Contact info

Pronova Partners

Inquire about this property

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