Services - Finance, Banking, Loans & Leasing | Services - Other Business Services

Asking Price	$165,000	Inventory
Gross Income	$280,000	Real Estate
Cash Flow	$55,531	Year Established	1960
FF&E	tbd*	Employees	4 Full/1 Part

* included in the asking price

** not included in the asking price

Great business for sale and business opportunity to purchase full service debt portfolio collection agency. They employ professionals who are competent in all aspects of collecting accounts receivable for select businesses and various branches of the government. Unlike standard collection and letter service companies, this service does not charge any up-front costs which eliminate most budget requirements. They earn their fees solely on performance. During the past 40 years, this collection service has been an industry leader in developing a wide array of automated collection tools and procedures. These sophisticated devices have afforded their clients some of the highest recovery results in debt collection. As a full service collection agency, they are receiving accounts from many different types of clients; utility, government, medical, hospital, commercial, retail and other miscellaneous type clients. Department managers are responsible for maintaining policy within their assigned department as set forth in the company policy. Performance on assigned accounts and client "public relations" image is top priority and includes: Employee motivation, training, auditing of work performance, monitoring of collection calls, monitoring of adherence to the State of California Robbins-Rosenthal Fair Debt Collection Practices Act and provisions of the Federal Fair Debt Collection Practices Act. Because of their exposure to consumer credit reporting, they monitor all activity relating to the Federal Fair Credit Reporting Act. This business provides an excellent opportunity for buyer to purchase a debt portfolio. Each department manager maintains direct communication between both the employees they manage and the general manager office. This ensures quality workflow for each client and on every assigned collection account.

Facilities: 2,200 sq. ft. building

Financing: Seller will not provide financing

Support/Training: Seller will provide training

Reason Selling: Retirement