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Auto Recovery & Repossession Company-Gulf Coast

Mobile, AL (Mobile County)

Auto Revoery
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Asking Price: $1,295,000

Cash Flow: $576,600

Gross Revenue: $1,175,230

EBITDA: N/A

FF&E: $350,000

Inventory: N/A

Real Estate: $400,000*

Established: 2003

*not included in asking price.

Auto Recovery & Repossession Company-Gulf Coast

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Business Description

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.

Detailed Information

Location:
Mobile, AL
Real Estate:
Owned
Not included in asking price
Building SF:
5,000
Employees:
8 FTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
5,000 sq. ft. building; located on 1.5 acre impound lot
Support & Training:
Seller will negotiate a transition period
Reason for Selling:
Family Concerns
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Lanier Chew, CBI

Business Listed By:
Lanier Chew, CBI

Sunbelt Business Brokers and Business Brokers South

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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