Real Estate and Mortgage Company For Sale

Asking Price$700,000

Cash Flow
Not Disclosed

EBITDA$200,000

Gross Revenue$350,000

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

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Real Estate and Mortgage Company For Sale


Asking Price$700,000

Cash Flow
Not Disclosed

EBITDA$200,000

Gross Revenue$350,000

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
California statewide real estate and mortgage company with 232 real estate agents and 26 loan officers. Company helps clients buy and sell homes and obtain mortgage loans. New owner will need a California real estate broker's license and California mortgage loan license or have an associate with these licenses. All revenues are generated by the agents and loan officers with the company. New owner can step in and only have to manage the transactions, review real estate files and answer any questions the agents and loan officers may have. Company is set up with independent loan processors who obtain the loan files for the Broker/Owner. Everyone works from home; there is no office to maintain. Company monthly expenses are only $1,800 dollars! Don't miss out on this turnkey operation!
About the Business
Years in Operation
9
Currently Relocatable
Yes
Facilities & Assets
All real estate agents and loan officers work from home. Business office address is an annual fee for mailbox and address. Owner works from home. New owner can be located anywhere and work from home. Only assets are computers and phones. All you need to run this business is high speed internet, computer, phone and mailing/business address.
Market Outlook / Competition
Other real estate and mortgage offices.
Opportunities for Growth
Historical company revenues are generated with no marketing to consumers. All income has been generated by agent and loan officers with the company. When rates contunue to fall, the transactions will increase organically from the agents and loan officers. New owner can also begin to market to consumers for loans, home purchases, and homes sales to expand as well as increase marketing for more agents and loan officers to join the company.
About the Sale
Seller Motivation
Retirement
Transition Support
Owner will train for 30 days after sale and help transition the company setup to new owner.
Listing Info
ID
2366931
Listing Views
338

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Business Listed by: Mike Cain

Listing ID: 2366931 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.