Profitable & Successful Five Star Rated Mortgage Business

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Financial Services Opportunitiy
Asking Price:
$499,000

Gross Revenue:
$300,000
Cash Flow:
$200,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$5,000
included in asking price

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Business Description

Small Mortgage Business that is ready to scale, has the investor relations, grandfathered low costs. If you are looking for a turnkey mortgage business that is set up for success this is it. Low rent, Owner is ready for someone new to take over the business and scale it up. The opportunity is there, and the infrastructure awaits you.

About the Business

Location:
Fairfax County, Virginia
Year Established:
2006
Number of Employees:
5
Real Estate:
Leased
Building Sq. Ft.:
1,200
Rent:
$950.00 Per Month
Lease Expiration:
10/15/2020
Facilities:
Office Park, space can be built out to include private offices.
Market Outlook/
Competition:
A constant influx of jobs and stability in the Metropolitan area. Amazon Corporate HQ moving to the area will create more real estate transactions, thus more mortgages. Built-in and long-standing relationships with Lenders create the path towards immediate lending at best rates. Partner relationships with Vendors create cost-effective, grand-fathered benefits. Preferred Partner with a key Banking institution creates a stream of leads. Main competition is the onset of more mortgage lending originating from Banks, but their pricing is much higher.
Growth & Expansion:
The office can be restructured to accommodate more individual offices. However, most Loan Officers work just as effectively remotely. This ownership can be Absentee. Expansion is do-able by doubling or tripling staff, thus multiplying gross revenues.
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About the Sale

Reason For Selling:
Focus on other business(es)
Training/Support:
2 weeks
Seller Financing:
Seller Will Consider Seller Financing

Listing Info

ID:
1615085
Ad Detail Views:
0

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Business Listed by

Jerry Rupesh

Transworld Business Advisors of Arlington VA

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