On Pace Franchising Lists Profitable 41 Year Old Collection Agency for Sale
Learn about a profitable collection agency that On Pace Franchising listed for sale after 41 years in business, because the owner is looking to retire.
Chicago, IL, June 17, 2017 --(PR.com)-- The franchise consultant and business advisor team at On Pace Franchising (www.onpacefranchising.com), a leading business broker firm in the Chicago area, announced today that they have listed a profitable 41 one year collection agency for sale, because the founder and current owner is looking to retire.
“We believe this business resale provides a great opportunity for a new owner to build off this established business and generate a great ROI with a little bit of work. This particular collection agency has a lot of long term clients and outstanding debt, so it’s priced to sell at $163,596.00,” said On Pace Franchising President, Jonathan Pace.
The business advisor team doesn’t expect this business to be on the market for long, because most of the clients are in the medical field and they have submitted hundreds of new debtors since the beginning of the year. The seller has also had over four decades to perfect his business model and practices, so the seller’s offer to train a buyer in effort to insure a smooth transition adds significant value to this opportunity.
The debt collection industry is booming and has been experiencing a fair amount of growth over the last several years. In fact, the debt collection industry has been growing at a much faster rate than the average of all industries according the Bureau of Labor Statistics (BLS).
The sad reality is the more and more Americans are falling into debt, but that makes this an even better opportunity for a hard-working entrepreneur. This business uses up-to-date technology and the best collection software available, so it can easily be converted to home based or integrated into another agency with ease.
“This business has over 6.5 million dollars in debt report to the credit bureaus and over 180k in current lawsuits, so it’s very possible that an investor makes their money back on this business resale without ever having to make a collection call. Add in the fact that hundreds of clients have been submitting current debtors and anyone with the right amount of hustle can take this business to the next level in a hurry,” noted franchise consultant Mike O’Connor.
Find more information on the business resale here: http://www.onpacefranchising.com/our-services/listings/
About On Pace Franchising: On Pace Franchising is a leading franchise consultant and business advisor firm that offers the skills and experience of the nation’s top professionals in accounting, business development, franchise consulting, business-for-sale marketing, and sales for emerging and established franchisors from around the country. For more information, contact (312) 436-2748 or info@onpacefranchising.com
“We believe this business resale provides a great opportunity for a new owner to build off this established business and generate a great ROI with a little bit of work. This particular collection agency has a lot of long term clients and outstanding debt, so it’s priced to sell at $163,596.00,” said On Pace Franchising President, Jonathan Pace.
The business advisor team doesn’t expect this business to be on the market for long, because most of the clients are in the medical field and they have submitted hundreds of new debtors since the beginning of the year. The seller has also had over four decades to perfect his business model and practices, so the seller’s offer to train a buyer in effort to insure a smooth transition adds significant value to this opportunity.
The debt collection industry is booming and has been experiencing a fair amount of growth over the last several years. In fact, the debt collection industry has been growing at a much faster rate than the average of all industries according the Bureau of Labor Statistics (BLS).
The sad reality is the more and more Americans are falling into debt, but that makes this an even better opportunity for a hard-working entrepreneur. This business uses up-to-date technology and the best collection software available, so it can easily be converted to home based or integrated into another agency with ease.
“This business has over 6.5 million dollars in debt report to the credit bureaus and over 180k in current lawsuits, so it’s very possible that an investor makes their money back on this business resale without ever having to make a collection call. Add in the fact that hundreds of clients have been submitting current debtors and anyone with the right amount of hustle can take this business to the next level in a hurry,” noted franchise consultant Mike O’Connor.
Find more information on the business resale here: http://www.onpacefranchising.com/our-services/listings/
About On Pace Franchising: On Pace Franchising is a leading franchise consultant and business advisor firm that offers the skills and experience of the nation’s top professionals in accounting, business development, franchise consulting, business-for-sale marketing, and sales for emerging and established franchisors from around the country. For more information, contact (312) 436-2748 or info@onpacefranchising.com
Contact
On Pace Franchising
Mike O'Connor
312-436-2748
www.Onpacefranchising.com
Mike O'Connor
312-436-2748
www.Onpacefranchising.com
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