Public Records Research Company Listing ID: 1619 Location: Hermosa Bch., California
Brief: This business opportuntity is no longer available.
Listed Price: $2,940,000
Total Revenue: $2,137,022
Seller's Discretionary Earnings: $550,000
Fixtures Furniture, & Equipment: $5,000
Real Estate: None
Inventory: None
Financing / Terms: Negotiable
Business Information
Year Established: 1990
Number of Employees: 2
Days and Hours of Operation: 9-5pm
Relocatable: Yes
Franchise Information: Not Applicable
Facilities / Location: Although this business is entirely relocatable, the business is fully housed in approximately 500 square feet of prime ocean view office space.
Lease Information
Lease Expiration Date: New lease available to buyer.
Option: New lease available to buyer.
Monthly Rent: $1,600
Additional Information
Reason for Selling: See Business Description Section.
Business Description: The Company is a public records research and document retrieval
business specializing in providing immediate access to all county, state and
federal agencies as well as providing in-person access to court documents
throughout the United States. The Company provides a range of services
specializing in Civil and Criminal Index Research, Bankruptcy Research,
UCC Research and Filings, Tax Lien and Judgment Searches, Fictitious
Business Name Search and Filings, Real Property Searches and Corporate Research. The Company provides a wide variety of public records; however, it focuses on offering immediate access to court files and records through its proprietary network of vendors located throughout the United States who are familiar with the peculiarities of each courthouse and its case files. This enables the Company to provide same day service at no extra charge.
Reason For Selling: The Company’s principals started this business almost 17 years ago when they were each single and without any other commitments. Today, they are both married with children and desire to focus their time and energy raising their children and spending more time with their respective families.
Potential for Growth: The Company operates in essentially a unique market niche and is able to
pursue a favorable business strategy targeted toward obtaining large
corporate clients (for example, franchisor clients which require a specific
package or report before it accepts a franchisee into its system or brokerage
firms which maintain a high standard for applicants seeking to market their
investment products) which have specific needs and want to ensure that they
have access to "everything." Thus, although there are many online
competitors, the Company is able to effectively compete by targeting its
services directly to its loyal customer base, keeping prices competitive,
offering superior service and a comprehensive product, and building
additional business through it excellent reputation for customer service and
resultant referrals. The Company is known for its many years of experience
and superior research and retrieval capabilities.
