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Listing ID: 2738593

Repo Automobile Company in Houston For Sale

Houston, Texas, United States

$ 250k to 500k

(Furniture / Fixtures and Inventory / Stock included)

Revenue: $ 500k to 1m

Cash Flow: not disclosed

Business Description

This is an Automobile Repossession company for sale. Company has been in business for six years with current owner. It has grown from 100 active accounts to 1100 active accounts within five years. Expanding from one repossession truck to a fleet of five, including a rollback. Company receivables range from $70K to $120K.
We are looking to sell for $450K cash. This is a turnkey business with zero debt. The sale will include, but is not limited to, the following:

Client Portfolio:
- Client Contracts
- Client List and Contacts
- Active Accounts

Repossession Units:
- 2012 Ford F350xlt EX Cab, Gas, Jerrdan Lift
- 2012 Ford F350xlt EX Cab, Gas, Vulcan 810 Lift
- 2017 Ford F350xlt EX Cab, Gas, Jerrdan Lift
- 2010 Dodge Ram 3500 Dually with Wheel Lift
- 2011 Dodge 5500 VulcanFlatbed with Wheel Lift
- Panasonic A Grade CF-10 Toughbook 4 Wreckers

Office Inventory:
- 9 Workstations – Cubicle, Monitor, Computer
- 2 Executive Computer Desk
- Security Camera with TV Screens

Financials:
- Asking Price: $ 400K to $500K
- Gross Revenue: <$800K
- Cash Flow Type: Sellers Discretionary Cash
- Inventory Trucks: 140K
- Office Inventory: 10K (9 Workstations Including Computers)
- Storage Container: Two 40Ft Containers valued at $6K
- Portable Office: 4 cubicles 4 workstations valued at $8K

About the Business:
- Year Established: 2011
- Number of Employees: 8 employees
- Franchise: No
- Current Real Estate: Leased
- Management Training and Support: We will help with transition as needed
- Reason for Selling: Owner is ready to retire

Kindly contact us for more details.

Property Details

Years Established:

2011

Property Type:

Lease

Operation Details

Employees:

8

Miscellaneous

Reason For Selling:

Owner ready to retire

Contact this seller

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