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Confidential Information Memorandum (CIM) available upon receipt of our short online NDA - visit here: https://pronovapartners.com/engagement/portable-collections-agency-6mm-judgment-portfolio-for-sale/ 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. 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 if 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. Location: Los Angeles, California Year Established: 1958 Number of Employees: 1 Relocatable: Yes Facilities: Relocatable nationwide. Market Outlook/ 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 if someone with more enthusiasm for the business took over.
Listed: Apr 21, 2022
Updated: 1 week ago
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