Do you want to start a debt collection agency franchise but lack ideas? If YES, here is the best debt collection franchise opportunities you can buy in USA for 2019.
For quite a lot of people, debt collection agencies are a dreaded lot, but for businesses they are uncommon blessings. This is because no business can function if all its working capital is held up in bad debt. Thus, debt collection agencies are companies that assist creditors such as banks, medical and health care facilities, telecommunications companies, student loan lenders etc with collecting their debt.
As the owner of a small or medium sized business, all the time spent attempting to collect outstanding debt is time lost that would have been used in tending to clients or acquiring new business links. Debt collection companies can vary on the type of debts they collect, how they collect it, along with fees they charge for their services.
By recovering tens of billions of dollars in delinquent consumer debt each year that would otherwise go uncollected, the third-party debt collection industry generates important benefits to the U.S. economy. In doing so, it employs more than 130,000 people and indirectly supports the employment of thousands more.
Though the debt collection industry might be a dreaded sector to consumers, but they prove invaluable to businesses and the industry is quite profitable because of its relevance.
This sector may not be so new but there is still a dart of franchises in it. If you still want to go ahead with acquiring a franchise in the debt collection agency industry, here is the only debt collection company that made public its franchise offering.
Top Debt Collection Agency Franchises to Buy for 2019
- Straetus international
Straetus is an international debt collection network that was founded by Emile Spruijt and Bart Bergman in 2009. Having started in Amsterdam, Straetus opened a subsidiary in Florida in 2016, in order to develop and manage the franchise network in North America.
Straetus is currently the fastest growing debt collection organization in the world operating as a franchise, and its growth network has spread across 10 different countries including the UK, Europe, Africa, Russia and Israel. Their services include debt checks, invoice reminder service, court action, pre-legal debt collection, debt surveillance, USPs, etc.
The franchisor, Straetus International BV and its affiliates do not control or manage the day-to-day business operations of any Straetus franchised locations as they are allowed the independence to operate.
- Liquidity: $65,000
- Investment Range: $55,000 to $70,000
- Average Investment: $55,000 to $70,000
- Minimum Net Worth: $60,000
- Franchise Fee: $$ 40,000 per single unit franchise
- Royalty: 15%-20%