Buy a Business

Advert Ref: 35258

Collections For Sale

Details: Asking price:$3,500,000; Sales revenue:$500k < 1m; Net profit:Undisclosed; Fixtures value:Undisclosed; Inventory value:Undisclosed

Business description: This private child support agency was founded in 1997. This company will never be wiped out as there will always be a need for a nationwide agency specializing in child support cases, especially since there is no statute of limitations in regards to collecting past due child support. The legal system is geared more toward helping children than parents who don’t fulfill their obligations. The company has a specialized child support computer program written for this industry and for this company only. The program can perform many essential tasks that previously took hours to complete. Merging documents at the touch of a button, Collection and Status reports, Calculations and general account updates are just a few of the key functions this program can do. At one time seven employees were needed to do what now takes only two, thanks to this program. One very organized person could probably do it alone. There are approximately 400 cases open at this time. Special registrations are required to operate this business, and the current owner will go over that with you and agrees to stay on through a reasonable transition period. This is a fascinating business that helps those who need help the most…children! To learn more about this business opportunity, please contact us today!

General information: Years established:11; Employees: 2; Relocatable: This business can be relocated.; Real Estate: Lease; Location:This leased, 1,800 square foot facility is situated in an office complex with state highway frontage. The new owner could relocate this business within the state and not damage business.; Expansion potential:Moving the company to a larger city and increasing the advertising would help grow this business. The addition of a telemarketing team would allow some people to be reached who would normally have no clue this type of business existed! Offer incentives to those who bring in new clients. The current owner has many ideas to grow the business and will be glad to discuss with the new owner.; Competition / Market:There is no competition in the area.; Support & training:Owner agrees to stay through a reasonable transition period.; Reasons for selling:Other Business Interests/Relocation; Financing available?There may be some owner financing available to the right buyer.