Asking Price

R 860,000

Annual Turnover

undisclosed

Monthly Cash Flow

undisclosed

Professional

Legal

Ref: 3396

Debt Collection Book for Sale

Western Cape (WC - Garden Route)

It is not about having lots of money but how to manage it, if this resonates with you, this Debt Recovery business is worth looking at. The Debt Recovery Agency are operational since 2008 and registered with the National Council of Debt Collectors, according to ACT 114 OF 1998. The outstanding amount to be collected on their book is R12m for collection. The business can be conveniently be operated from your home. The owner will be available to assist with training and share knowledge of the business model. Established clients rendering contractual, referral business is in place. The debt collections vary from 1month to 10 years, depending on the prosecutions from the Court, and are enforceable to collect within 30 years. So, there is enough time to render services depending on the court procedures and bailiff services. Summonses have been issued for sentencing and collection of property needs to be enforced and served. Due to the Economy after the Covid, do some debtors pay and some do not. Most of the debt in the book are Credit Cards, Doctors fees, school fees, from a Brick Company, cement, sand, building material, and Pharmacy accounts. Three to six new cases are added to the list of the debtor’s book monthly. Your active hard work will determine the success of this collection book. It is extremely important to have knowledge of debt collection and what is expected according to the law. Office space with administration personnel will be a bonus. The yearly fee to be registered as a debt collectors member at https://www.cfdc.org.za/ fees from R450.00 annually is compulsory. The asking price excludes VAT.

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