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Business for sale in United Kingdom - Cm014-certificated bailiffs/ enforcement officers-tyneside
| Asking Price: | 250,000 £ |  |
Real Estate: | Lease |
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| Sales Revenue: | 410,000 £ | ||||||||||
| Net Profit: | 58,000 £ | ||||||||||
| Year Established: | 1968 | ||||||||||
| Employees: | 7FT | ||||||||||
| # of family members employed: | Not Disclosed | ||||||||||
| Location criteria: |
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Business types:
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Business description
established in 1968 by the current owners father, this family business has an enviable and respected name in the north east for its honesty and integrity as a local bailiffs. The business predominately deals in debt recovery, both commercial, private and local authority. The debts include, rent recovery, sundry and miscellaneous debt, plus benefit overpayment .they also perform process serving, arrest warrants ( with bail & without),house possesions,searches and trace enquiries. The company work with a number of key clients including local authorities, local solicitors and other private customers customer service: the company employs qualified bailiffs, who are experienced in all matters of debt collection, enabling quick recovery solutions their clients trust the company to provide the best and most reliable service available to help recover their debts. Key strengths: this small company has a good reputation, within the north east, for delivering a swift and successful service. They are well established with over 40 years experience in the debt collection field. They have a large volume of business from a wide customer base, which varies from local authorities to solicitors and other independent businesses. The company shows regular profits, with a good database of clients. It also runs smoothly with low overheads. Growth and expansion: the volume of business from a wide customer database keeps increasing as national debt soars. New owners could build on the solid foundations the company has built up over the 40 years they have been in business. There is good growth potential to increase the number of independent debt collections that the company has plus regular contact with local solicitors would reap immediate benefits.
Additional information
| Additional information: | Not Disclosed |
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| Support & training: | The owner would be happy to help in a smooth transition and will help in any way possible. |
| Reasons for selling: | The owner is now ready to take on a new and fresh challenge in life. After spending many years in this industry he believes the time is now right for a new owner to take the business forward to the next level. |
| Financing available: | Not Disclosed |
| Inventory / Stock value: | Not Disclosed |
Real Estate
| Ownership: | no |
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| Lease: | yes |
| Lease terms: | Rent is circa £12,500 per annum with lease running until 2012,and rates of circa £3,800 per annum. |
| Location: | The company runs its operation from a leasehold two storey town house on the edge of the main city centre. It has offices and counter area with full services and gas central heating. Rent is circa £12,500 per annum with lease running until 2012,and rates of circa £3,800 per annum. |
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