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#Business ID: 11006

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Auto Recovery Company

Business Location: Davie, Florida, United States

Asking Price: $ 129,000 Revenue: $ 145,000 Cash Flow: $ 87,000

[Furniture / Fixtures included]

Business Summary

Located in Davie but easily relocatable to anywhere in Broward or Palm Beach; Counties, Accounts are primarily auto dealers, banks and mortgage companies. Truck included in the sale picks up a car in just eight seconds and gone. This is mostly a night business because that is when the vehicles are easier to find although, lately, more and more cars have GPS and are readily located. Most repos bring
$ 350.00 but any difficulty or time pressure will raise the price.
A good man on a good night can pick up ten cars. A good manager of men can add trucks and hire and train repo men and just run the office during the day. There is more business out there than current repo people can handle.

Property Details

Years Established:

1972

FF&E:

$ 50,000

Other Business Details

Premise Details:

Only facilities are a small bookkeeping office and a holding lot for the cars.

Competition:

Repo license is no longer readily available in Florida.

Expansion Potential:

An ambitious person could easily increase the business exponentially by adding trucks and drivers.

Business Operation Details

Support & Training:

Seller will stay for two weeks at no charge to insure an orderly transition. He will stay longer at some compensation to be agreed upon.

Miscellaneous Details

Financing Available:

Yes
Some financing possible to a qualified buyer.

Reason For Selling:

Seller has been diagnosed with heart problems he must address.

Contact this seller

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