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Businesses For Sale   >>   Other Auto Related Businesses For Sale

Established Auto Repo & Resale

Location  North Carolina,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $994880
Net Profit / Cash Flow  $444797
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2000
Number of Employees  10 - 19
Inventory  286000
Relocatable  Yes
Number of Employees  10 - 19
Real Estate  Leased
Training  Seller will provide training
Reason for Sale  Other business ventures

Description  
Repossession & Resale was established in February of 2000. - They repossess vehicles, boats, airplanes, and equipment for banks, credit unions, private lenders and others in the finance industry. They also handle re sales on the repossessions for some of their clients. - They cover the entire state of North Carolina with their five satellite locations and are managed by a team of dedicated professionals. - The company has a $1 million dollar client security indemnity bond as well as a $2 million dollar umbrella liability insurance policy. - They have a large fleet of trucks, ranging from light to heavy duty, allowing them to repossess almost anything including boats and airplanes. All of their repossessions are received by computer from their corporate office and they are then distributed via the web to their drivers in specific areas. Their office is equipped with top of the line equipment; their trucks all have GPS, Laptops, Air Cards, and Cell Phones. This makes their company incredibly efficient and allows them to send their information to their clients in real time. - They were ranked second in the state of NC for number of repossessions per year by their valued financial institutions. - They joined a prestigious financial association which backs their one million dollar repossession bond. It takes several years for a business to develop a reputation in order to be allowed to join this specific association and you must undergo vigorous training, background checks, and proof of financial stability. The first four major clients are the largest banks in the country. There are 98 other clients that spend from $2,000 to $60,000, which are smaller banks and finance companies.


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