Writing a Business Plan for a Repo Company
Repo companies are always in demand given the fact that there are going to be people that get behind on car payments, boat payments, and other financial instruments that have been used to provide financing for purchase. One of the greatest things about this type of business is that it is always in demand in good times and in bad. In economic recessions, the demand for repo company services increases substantially given the fact that many people fall into default on car loans, boat loans, and other types of financial instruments. As such, these businesses are always able to generate a substantial amount of revenue by partnering with banks and other companies that provide financing.
Over the past 14 years, Deutsch and Thomas has worked with a number of repossession companies to assist them in developing a business plan so that they can acquire the necessary vehicles in order to carry out the services. We are familiar with all the operations of these businesses, the startup costs, and the amount of revenue that can be generated from the services.
All the work that Deutsch and Thomas completes for its clients or is done specifically to the specifications of our customer. We always provide a full five-year financial model that includes a profit and loss statement, common size income statement, cash analysis, balance sheet, breakeven analysis, and all applicable business metrics. If you are seeking capital from a financial institution then we focus significantly on the large amount of collateral that will be acquired in the form of tow trucks and other vehicles with the money being sought. We also include all of the necessary industry analysis, local market analysis, and an overview of the economy as a whole. One of the other important parts of the business plan is the marketing and advertising plan which we always include a standard in all the work that we do. This primarily focuses on developing ongoing relationships with banks and other financial institutions.
If you are interested in having Deutsch and Thomas develop a business plan specific for your repossession company, please feel free to give us a call anytime at 646-216-9844 or through the contact us form on this website. We look forward to working with you!