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Coachella Valley Collections Agency

Collection Agency Service for sale located in the Coachella Valley, CA. . This very successful, nationwide, professional debt collection agency is very diverse with 50% of its business in bad check recovery and assisting creditors, while the other 50% is a mixed bag of collection activities such as tracing services, stolen vehicle recovery, and software publishing.

The collection agency currently has over 1,200 clients with over $121M in collectables. The business consistently has over $1M in collections/revenue per year and is on track to complete $1.5 M to $1.8 M this year.

The software portion of the business is a marketing tool that encourages a client to contact the agency and use its various services such as notifying credit bureaus, sending letters, and generally helping people solve their debt collection issues. Currently there are over 2,500 users of this software, and a new release is anticipated shortly.

The agency currently has on the average 18 collectors working, with workstations for 24. Wages as a percent of revenue average 26%. Up to 36 stations can be accommodated. The building is 1,900 sq. ft., with total monthly rent of $2,035 which is typically less than 2% of revenues. Current lease expires in August 2013 and there is a five-year option.

The company uses an outside dialing system that is very cost effective and does not limit the number of ports available. There are four core members of the company that provide training, marketing, human resources, and management, and are anticipated to stay with the company. Of the collectors, 5 have been with the company for greater than 1 year. All employees are fully trained on the FDCPA.

Would you like to know more? A Confidentiality Agreement and Buyer Disclosure Statement will need to be submitted before further information can be disclosed. Please call to find out more about this excellent business for sale opportunity.