Profitable & Reputable Law Office-Collections Division For Sale

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Financial Businesses for Sale

The legal office collections division for sale is a standalone portion of the law office that focuses on collections and judgments for small businesses. The collections clients typically offer in-house financing and payment options to private citizens. Every client has a written, contractual agreement and around 10-12 clients have active collections each month. Current ownership dedicates about 10 to 12 hours per week on the collections division for court appearances and motions, some review of debtor questions, and posting all payments and performing basic accounting to generate reports to the clients. Most collectable judgments are started with the first 5 years of referral receipt, with a bump in revenue in the springtime when debtors pay off balances with tax return funds. Business Types Served: • Used Car Dealerships • For-profit Education • Buy-here, Pay-here Businesses • Medical Offices • Dental Practices Investment Considerations: • Purchase comes with a substantial receivables portfolio that leads to trailing income. Receivables with judgments total approximately $18M. • Pre-judgment receivables total $15M • Mature and stable industry, amounts referred and amounts collected have been consistent • Able to expand into other counties for more revenue

Financial Information

  • On request Asking Price
  • $244,663 Cash Flow
  • $836,831 Gross Revenue
  • On request Down Payment

Business Location

  • City: Indiana
  • State: Indiana

Reason for Sale

  • The Seller wishes to focus on the primary practice.

Detailed information

  • Home Based: No
  • Franchise: No
  • Relocatable: Yes
  • Part time Employees: 1
  • Real Estate Included: No
  • Monthly Rent: N/A
  • Real Estate Available: No
  • Fulltime Employees: 1
  • Real Estate Value: N/A

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Business Listed by Sunbelt of Indianapolis
Contact
Jamar Cobb-Dennard
Listing ID
INDIAIN001-50561
Office Phone (317) 662-2059