Sold
Take the reigns of this established business by providing crucial service to the legal world filing court papers, process serving, skiptracing, messenger service and much more.
The current customer base is 100% recurring B2B. Current ownership has built its loyal base toabout 100 clients. Four to five clients withintheir longstanding customer base comprise about 20% of the ongoing business.
After 32 years serving this industry niche, the current owner wants to relocate out of the areaand pursue a different business focus.
2016 annual revenues were $403,113. 2016 seller discretionary earnings (SDE) were $107,900.
2015 annual revenues were $408,180. 2015 SDE were $110,365.
Margins have remained strong and consistent yearafter year.
Included in a sale: equipment incl. computers and furniture (see list), business records, customer lists, goodwill, covenant not to compete, published website, URL, telephone number, business-specific software and transitionary training.
According to Tom West, 28-edition author of Business Reference Guide, “Just as the U.S. Post Office continues to be a communication staple in the U.S., so shall the traditional means of hand-delivered service.”
To serve legal papers, register as a process server with LA County https://www.lavote.net/home/
county-clerk/professional-registrations/process-server/general-info and activate a business license.
Easy to be operating in business quickly!
Revenue growth opportunities exist through direct marketing to attorneys, collection agencies, property management companies and homeowner’s associations, to name a few. Business can easily scale by increasing the number of delivery runners in the field.
Listed By: Margot Murphy
Background information
Reference:
1782337-MM
Year established:
1993
Reason selling:
Retirement
Finance
Sales:
$388,327
Profits:
$132,443
Profit type:
Discretionary Earnings
Operations
Employees:
One office support staff and three in-the-field runners
Equipment:
A list of FFE is included in information provide after NDA is signed.
Premises
Square footage:
600 SF
Rent and lease terms:
Office space commands about $1.70/SF. 600 SF to 1,000 SF is sufficient for this operation.
Price and terms
Price:
$155,000
Down payment:
$155,000
Financing:
All cash and owner carry (negotiable)
Training:
Owner will transition new ownership four weeks at 25 hours per week.