Listing ID: 6590

Business Overview

Business has just been placed under contract, contact us and we will find you a great business opportunity.

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 14-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 2018 they pulled over 3,350 vehicles. Very profitable and priced to sell fast.

Financial

  • Asking Price: $1,295,000
  • Cash Flow: $576,600
  • Gross Revenue: $1,175,230
  • EBITDA: $
  • FF&E: $350,000
  • Inventory: $
  • Inventory Included: N/A
  • Established: 2003

Detailed Information

  • Building Square Footage:5,000 Sq Ft
  • Furniture, Fixtures and Equipment:$350,000
About The Facility:

5,000 sq. ft. building; located on 1.5 acre impound lot

Is Support & Training Included:

Seller will negotiate a transition period

Purpose For Selling:

Family Concerns

Addition Info

The company was founded in 2003, making the business 17 years old.
The deal won't include inventory valued at N/A, which ins't included in the suggested price.

Additionally, Furniture, fixtures and equipment valued at $350,000 is included in the suggested price.
The business has 8 FTE employees and is located in a building with approx. square footage of 5,000 sq ft.

3 Things to Consider When Researching businesses for sale in Mobile County - Mobile, Alabama

Purchasing a business is among the largest decisions you will certainly make in your lifetime. Selecting intelligently can cause remarkable monetary benefits for you, your loved ones, and also your retirement. However, in order to make a correct choice, you need to consider several points.|In order to make a proper choice, you need to consider several points.} Below are 3 crucial things to consider prior to acquiring a business in Mobile County - Mobile, Alabama.

Why is the Current Owner Selling The Business?

{There are all kinds of reasons why individuals choose to sell operating businesses. Nevertheless, the true factor vs the one they tell you may be 2 totally different things. For instance, they might claim "I have too many other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these may simply be reasons to attempt to conceal the reality of altering demographics, increased competitors, current decrease in profits, or a range of various other factors. This is why it is extremely vital that you not depend entirely on a seller's word, yet instead, use the vendor's answer combined with your general due diligence. This will repaint an extra realistic image of the business's present scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses take out loans so as to cover points such as stock, payroll, accounts payable, etc. Remember that occasionally this can mean that profit margins are too tight. Lots of organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that have to be met or may cause charges if canceled early.

Understand the Customer Base, Competition and Area Demographics

Exactly how do companies in the Mobile County - Mobile, Alabama area bring in brand-new customers? Many times, businesses have repeat consumers, which create the core of their day-to-day profits. Particular elements such as new competitors sprouting up around the location, roadway construction, and also personnel turnover can impact repeat customers and negatively affect future revenues. One important point to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business often, the higher the opportunity to develop a returning customer base. A final idea is the general area demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? Just how might the local median family income impact future earnings prospects?