UNDER LOI – Accounts Receivable Management Company – Midwest Region

UNDER LOI – This business is licensed and bonded and has a stellar track record for service and profitability. Although the industry is somewhat competitive this business has set themselves apart through attention to detail and effective use of software and data analytic tools. Client relationships have been the key to current revenue as well as a fantastic source for new referrals. They strive to listen to clients and work with them to provide proactive rather than just reactive solutions.

The business foundation is that of reducing losses for clients as a preferred recovery partner in Utilities, Healthcare, Government, Insurance, Early Out, and Second Placement industries and programs. Dedicated to increasing the rate of recoveries, while treating customers with a professional and considerate manner, allowing them to preserve client’s reputation and their customer’s dignity.

Listing ID:

ABS-23085327-90

Location:

Mid-West Region

Type of Business:

Debt Collection

Asking Price:

$875,000

Gross Revenue:

$825,000

Cash Flow:

$295,000

FF&E:

Included

Established:

2010

Employees:

3 FT / 3 PT / 1 IC

Facilities:

  • Company has a leased space
  • Business can be easily relocated if desired

Growth Opportunity:

  • Company is registered on several procurement sites that are utilized by Utility, Medical, and Insurance Industries
  • Further development with new medical billing companies would provide an increase in revenue as an add on to their clientele

Competition:

  • The industry is highly competitive
  • The industry is results driven and so is this business providing higher success rates for clients
  • Keeping up and using the latest technology and data analytics to maximize results

Support & Training:

  • Owner will provide support and training to create a smooth transition with employees, clients and vendors
  • Adding an administrative person with strong skills in excel could be beneficial
  • Owner open to providing additional consulting

Reason for Selling:

  • Looking to retire

Broker Contact:

E. Brad Scoffin – Advanced Business Brokers

Direct: 269-903-8143

Fax: 248-564-5259

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The broker has made no investigation of the above information, prospective buyers must accept all due diligence responsibility. ​Above information is subject to change and/or correction and should not be considered binding.