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County: San Bernardino, CA
Business ID: 10006

Complete Non-Disclosure Agreement • Print this Listing

Responsible Broker: Ron Varner, (310) 200-5680
DRE License No: 01849042

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Financial Summary			General Information
Price:	$500,000		Financing:	Yes
Down Payment:	$300,000		Year Established:	2007
Sales:	$450,000		# Employees:	6
Cash Flow:	$180,000		Facility Size:	0 sq. ft.
Inventory:	$0		Training:	4 weeks
Inventory Included:	No		Reason for Sale:	Moving Out of State
FF&E:	$25,000
Monthly Lease:	$1,950
Business Summary The business is a successful and profitable contract vehicle repossession service company. Based in San Bernardino County, the business is licensed by the State of California and provides services, for banks, lending institutions, and finance companies throughout Southern California. The business enjoys and excellent reputation and gross margins on services are in excess of 50%. Current owner has not marketed the business and there is a significant opportunity to significantly grow the business through some basic sales and marketing. Equipment includes three tow trucks and all office equipment including computers, software that is specific to the business, printer, and laptops for each driver. Business processes include specialized software, contractual documentation, and follow-up procedures to assure quality and service. Seller is relocating to the East Coast but training and on-going help will be provided to a buyer. A Qualified Manager (QM) license is required by the State of California and the seller will contract with a buyer to operate under his license until the buyer can obtain license. The business is located on ½ acre that includes an office, a secured lot for repossessed vehicles and a house. The property can be purchased for an additional $200,000 or can be leased at $1,950/month. Also, the business could be relocated. Seller will finance a portion of the sale. Contact business broker for information regarding this business for sale in the Inland Empire area of Southern California.
Disclaimer BUSINESSQUEST (“Broker”) has made no independent investigation or verification of any representation, warranty, document, or information presented by the seller herein. Prospective buyer is responsible for their own independent investigation with respect to such items and is advised by Broker to do so and to obtain the appropriate counsel from legal, accounting and other professionals concerning this business opportunity.