SB568 A/R Management Company

Russ and Pat Lee

I wanted to thank not only Joan for helping me find the best business but also her assistant Patrick. They work as a team, and when Joan’s tied up, Patrick always had answers for me. It’s like having two people working to help you find a business. We appreciate it! Thanks for not letting us get into the food business in Santa Cruz. more...

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Listing Information

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Accounts Receivables Management Company
Listing ID: SB568	Location: WORK FROM HOME - MOBILE/VIRTUAL COMPANY
Broker:	Joan Young (408) 436-1900
Brief: This Virtual/Home Based business has 3 part time employees and one owner working only 10 hours per week!

Selling Price:

$210,000

Total Sales 2009:

$110,250

Seller's Discretionary Earnings:

$67,433

Fixtures Furniture, & Equipment:

N/A

Real Estate:

N/A

Inventory:

N/A

Financing / Terms:

N/A

Business Information

Year Established:

1990

Number of Employees:

3 Part-time and 1 working owner

Days and Hours of Operation:

Flexible - Work from Home

Relocatable:

Yes - Mobile

Franchise Information:

N/A

Facilities / Location:

N/A

Lease Information

Lease Expiration Date:

N/A

Option:

N/A

Monthly Rent:

N/A

Additional Information

Reason for Selling:

Moving onto another venture

Business Description:

The owner is ready to move on to other opportunities after 20 great years running the company. The owner spends 5 months a year working very little virtually from the ski slopes of Idaho. The new owner can either maintain what the owner has developed over the years or implement new strategies to gain market share.

Advantages for new owner:

20 year old company with excellent reputation
Home based
3 Part time employees working virtually

1 office manager, collection & billing, salaried
1 part time, billing only 20-24 hours per month
1 part time, collections & bills, 31-36 hours per month

100% referral business at this time
Flat fee charged to attorney and collected within 20-30 days of invoice
Owner is very part time – less then 10 hours a week needed
Huge upside potential since no marketing is being done (no web page, etc.)

Attorneys are needing this service more then ever due to economic conditions

Advantages for attorneys:

Immediate cash improvement
Improved Client/Customer Relationship
No in-office collection responsibility
Daily monitoring of accounts
Minimize delinquent accounts
Decreased bad debt
Affordable FIXED monthly fee
Service Performed outside your office
Reduced stress on staff
Unbeatable service
Collection rate of 90-95%