23 year old established Mortgage broker

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Extremely independent established Mortgage Broker @1996 est
Asking Price:
$1,450,000

Gross Revenue:
$600,000
Cash Flow:
$300,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Kuranda Financial Mortgage Inc, and Kurandamortgage.com are a storefront mortgage broker business. established in 1996, and in the same location since the 1990's! The following of repeat and referral borrowers is at the top of the food chain for the mortgage industry after closing over 27 thousand loans in 23 years comprised of refinance and purchase transactions. Please know that this Independent mortgage Broker is not controlled by a Realtor with higher open market mortgage rates.

About the Business

Year Established:
1996
Number of Employees:
5
Franchise:
Yes
Real Estate:
Leased
Lease Amount/Mo.:
$2,800.00
Lease Expiration:
9/9/2026
Facilities:
Debt free very low expenses.
Website:
kurandamortgage.com
Market Outlook/
Competition:
Already made it through the subprime crash of 2008 when 90% of my competitors went bankrupt or were seized by the FDIC. It’s an amazing following after 23 years. My name is the company name and I stand behind my solid, perfect loan packages. At this point I have enough business for 4-6 loan officers, just not myself anymore. Cash flow is gigantic as fixed costs are extremely low.
Growth & Expansion:
Kuranda was a Banker and in 13 states at a period before 2010. There is only expansion going forward.
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About the Sale

Reason For Selling:
Just feeling out my success to see it's worth.
Training/Support:
Owner would like to stay 7-9 years

Listing Info

ID:
1407815
Ad Detail Views:
353


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Business Listed by
THOMAS KURANDA

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U.S. Census Data for Delaware County, PA
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Delaware County, PA
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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