Highly profitable industry with continued demand for this personal service and the sale is due to owner's illness and retirement. This sixteen year old company has a gross yearly income of $4,000,000 and a consistent net yearly income of $100,000 which can be further developed with an improved marketing system.
The industry requires licensing and bonding and is considered a highly professional profitable service to the clients it services. The bondmen is fully protected for final loss due to its relationship with Surety insurance company and the customer's personal collateral. When in need of Bail Bond service in New Jersey, this long standing licensed and trained Bonded Company will help arrange release on Bail for your loved one. They serve their clients in all New Jersey Courts, Jails and Police Departments.
Bail is the amount of money (Cash, Bond or Real Property) required by court to release a defendant from custody and guarantee their appearance in court. It is essentially a three-party contract between the State, the Defendant and the Surety Company.
This Bail Bonds Company is experienced in dealing with each New Jersey County Jail, Court and Police Department and the seller will supply a full transitional training period to the new owner operator. The company is fully aware that incarceration will create a financial burden to hard working families when the individual cannot continue to maintain his day to day employment responsibilities.
This particular business has one clerical employee, who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $1,800. The business has an assignable commercial two year lease which expires 2016-01-01 plus additional options, with a monthly rent of $1,500 and rent security $1,500. The business is presently located in a commercial facility which consists of 1,200 square feet with three rooms of offices.