Repo Company Business Plan and SWOT Analysis

Repo Company Business Plan, Marketing Plan, How To Guide, and Funding Directory

The Repo Company Business Plan and Business Development toolkit features 18 different documents that you can use for capital raising or general business planning purposes. Our product line also features comprehensive information regarding to how to start a Repo Company business. All business planning packages come with easy-to-use instructions so that you can reduce the time needed to create a professional business plan and presentation.

Your Business Planning Package will be immediately emailed to you after you make your purchase.

Product Specifications (please see images below):

  • Bank/Investor Ready
  • Complete Industry Research for the Industry
  • 3 Year Excel Financial Model
  • Business Plan (26 to 30 pages)
  • Marketing Plan (24 to 28 pages)
  • 425+ Page Funding Directory
  • PowerPoint Presentation
  • Loan Amortization and ROI Tools
  • Three SWOT Analysis Templates
  • How to Start a Business Guide
  • Easy to Use Instructions
  • All Documents Delivered in Word, Excel, and PowerPoint Format
  • Meets SBA Requirements

While repo companies make a substantial amount of their money during times of economic recession, these businesses are always able to generate revenues given the fact that there are going to be people that miss payments on cars and other assets that are being held as collateral. Companies generally earn substantially high gross margins from the services which range anywhere from 50% to 90% dependent on whether or not the individual completing the repossession is considered to be an employee of the business. In many instances, a repo company will actually use third-party independent contractors properly licensed to carry out a repossession on behalf of a bank or financial institution. The startup costs associated with these businesses is very low. Generally, a repo company can be started for us to list $10,000 to as much as $75,000 depending on whether or not the company is going to directly hire people, provide vehicles, and maintain a central office location. One of the most difficult things up starting a repo company is that there is a significant amount of licensure that is involved in order to properly be able to carry out a repossession. This is due to the fact that a repo company goes on to a person’s property in order to claim back a piece of collateral. As such, it is important that the an entrepreneur that is getting into your possession business have a complete understanding of the legal landscape of what can and cannot be done during the course of business operations. An attorney should have should provide the entrepreneur with an expansive procedures and protocols manual which all employees must sign and have a complete understanding of at all times. This will significantly reduce any legal liabilities that are associated from carrying out an improper repossession.

Given the low start up costs associated with a repo company, most banks and lenders will provide a limited amount of financial support versus starting the business. As with any type of business plan, a repo company business plan should feature a three-year profit and loss statement, cash flow analysis, balance sheet, breakeven analysis, and business ratios page. The demographic analysis should also be included within the business plan in order to gain an understanding of what percentage of people are going to have defaults on asset based loans. Typically, most people companies do very well in areas where the population base has a lower to lower-middle income bracket as their primary differentiating factor as relates to demographics. As such, providing this full market analysis will be of tremendous assistance when determining the amount of revenues will be generated on a monthly basis from carrying out repossessions. Within the business plan should also be a discussion regarding how much money will be charged per successful repossession carried out. Depending on the item whether it’s a boat, car, jet ski, or other asset that is usually collateralized – the fees range anywhere from $150 to $300 depending on the complexity of the work. Pricing should be thoroughly discussed within the business planning document.

A repo company marketing plan should be included as well. However, this document can be somewhat short in nature given the fact that repo companies to offer their services to the general public. The foremost aspect of this type of marketing plan should be regarding how to develop ongoing relationships with area attorneys, insurance companies, banks, and lenders. Most repo companies to maintain a website that showcases their operations just as a good measure for financial consultants and financial professionals that are in need of having someone carry out a legal repossession.

A repo company SWOT analysis should be produced as well. This analysis focuses on the strengths, weaknesses, opportunities, and threats that are normally associated with the repossession company. Relating to strengths, repo companies are always able to remain profitable in any economic climate given that people are going to miss payments on loans on collateralized assets. The gross margins generated from services are very high in the barriers to entry are considered moderate once the licensure process is complete. For weaknesses, these businesses carry a very high liability as it relates to entering someone’s property to repossess a asset. As such, it is important that a substantial amount of work goes into understanding of how to properly carry out the repossession. For opportunities, simply involves hiring additional staff were independently contracted personnel to carry out additional jobs on behalf of third-party financial institutions. For threats, one of things that may change the way that this current industry operates his regulations regarding repossession. However, most of these regulations are carried out on a state-by-state basis. As such, it is important for any entrepreneur looking to get into this field to have an understanding of the regulatory landscape recording repossession companies and how future changes may impact the way they conduct their operations.