Selling a Collection Agency for Maximum Value
If you are considering whether to sell your collection agency, you probably have questions on how to get started, such as: What price can I sell my collection agency for? What business brokers have experience selling debt collection companies? How do I keep the sale of my billing and collection agency confidential while maximizing my sale value. Synergy Business Brokers has experience selling collection agencies and can guide you through the whole process with no fee until your business is sold.
Contact a Collection Agency Business Broker
Whether you own a business-to-business collection agency or a consumer debt company, we have potential buyers interested in purchasing a variety of collection agencies. Like many collection companies, we work on a contingency basis, so there is no fee until you get paid. It all starts with our confidential consultation, where we find out more about your business, such as do you work in medical collections, insurance subrogation, debt counseling services, etc.? We'll also want to find out about your staff, such as how many debt collectors you have; do they have different areas of expertise, do you have attorneys on staff, and what type of support staff do you have? In addition, do you offer consumer financial services such as credit reports and credit score improvement? We'll review your financial statements and net cash flow to provide you with a possible asking price for your business. If the proposed price is acceptable to you, then we'll proceed with our confidential marketing program.
Synergy Business Brokers has sold hundreds of businesses since being established in 2002. Since that time, we have built up a proprietary database of over 30,000 buyers. Our job is matching up the right buyer with the right business. Depending on the details of your company, the best buyer might be another collection agency, a private equity firm, or a high-net-worth individual. It's not only about getting the highest price. You want a buyer that you feel comfortable with taking over your business. One that will treat your clients and employees well. The terms of an offer are also important. With our experience, we'll vet the best-qualified buyers and review the structure and details of an offer so that you understand precisely what the best option is for selling your company.
The optimal buyer might vary depending on the type of services you provide, such as whether you focus on one or more of the following:
- Medical Billing
- Litigation Services
- Insurance Claims Billing & Collection
- Loss of Use claims
- Insurance Subrogation
- Debt Purchasing
- Identity Theft Services
- Repossession Services
- Utility Collection Services
- Transportation Subrogation
- Early out receivable services
- Debt Portfolio Collections
- Delinquent account collection services
Buyers will want a company that is a good long-term investment with repeat clients and compliance with regulations such as the consumer financial protection bureau, the debt collection practices act, statute of limitations, and other applicable laws. We understand how to position your debt collection agency for sale to stand out from the other collection businesses for sale. We don't market the name of your business or exact location, but we do provide information designed to attract the right buyers who are qualified and will sign a confidentiality agreement before reviewing the details on your collection practice for sale.
After we have qualified buyers, we'll introduce them to you to see if it is the right fit. Questions can be asked and answered from both buyer and seller. When both parties are comfortable, the buyer will make an offer. We typically have multiple offers, which provides leverage to get you the best price and terms as well as the most qualified buyer that you feel comfortable with.
Contact Synergy Business Brokers
We have potential buyers throughout the US, including NY, NJ, CT, MA, PA, LA, TX, and much more. Synergy Business Brokers specializes in selling collection agencies with annual revenues of $700,000 to $70 Million. If you have a profitable collection company within this range, please contact us today so we can discuss the details and see how we can help you. You can start right now by filling out the form on this page or submit our registration form to get started. We look forward to speaking with you.