Florida Mortgage Broker
Location: Florida > Hillsborough County > St. Petersburg
Industry: Real Estate > Mortgage Brokers
Financials
Asking Price: $185,000
Gross Revenue: $278,675
Gross Revenue Comments: Brokerage income
Cash Flow: $155,602
Cash Flow Comments: addback: owner salary and depreciation
Inventory: (Not Included in Asking Price)
FF&E: $15,000 (Included in Asking Price)
Seller Financing: none - SBA financing possible. Broker is making appropriate inquiries.
Business Summary
Saying yes is what this company is noted for in the business. Taking loans most do not attempt or do not have the contacts to process. Ten plus years as a successful Mortgage Broker. Excellent connections with banks, law practices, lenders and private equity funds. The Seller will stay on with the business for a negotiated period of time to facilitate a smooth transition and to be a productive Broker. The company can easily be relocated or a lease within the Sellers own real estate is available.
About the Business
Year Established: 1998
Employees: 1 full time - 1 part time
Relocatable: Yes
Facilities: Seller owned building: Space available 600 SF / $1,000 mo. or new owner can relocate the business.
Market Outlook and Competition: Very competitive market and can be cut throat, but this company has a market niche for difficult loans.
About the Sale
Management Training and Support: Two weeks - no charge Seller wants to stay on as Mortgage Broker and continue to lend in both commercial and residential.
Reason For Selling: Other business interests. Real Estate investor.
Attached Files - Attachment Disclaimer
| BBS info - Business Broker Services advertisement |
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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. Please review the full Disclaimer here.
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