Collection Agency – Insurance Subrogation and Claims Processing Company – Sold
Price: $7,732,000
Annual Revenue: $6,000,000
Net Cash Flow: $1,300,000
Industry: Services
Location: Long Island, New York
The company has been sold. Contact us if you would like to sell your collection agency.
This unique business has been growing at 25% each year and has limited competition & high barriers to entry. They provide national claims collection and subrogation services to the transportation industry. This niche business services small and large passenger and cargo transportation fleet owners offering a contingency-based fee model that is understandably well-received.
Ownership’s business model essentially uncovers “found money” for its clients through its expertise in the property insurance industry, with no out-of-pocket cost. Using a complimentary audit process as a door-opener, the company identifies additional insurance collection opportunities in physical damage, loss of use, and diminished value claims, and more, resulting in the collection of hundreds of thousands of additional dollars for its clients.
Outstanding relationships with carriers result in the fast settlement of claims, further endearing the company to its customers as evidenced by robust customer retention rates.
Recession and COVID proof, the opportunity has no ceiling, no inventory, no receivables, low overhead, and nearly 40% gross margins!! This ideal service business is easily scalable with the implementation of a marketing plan. The business can readily be relocated or operated virtually. Skilled, tenured back-office staff complete this turnkey offering.