Direct Mortgage Lender with High Return Portfolio
Broward County, Florida
| Asking Price: |
Gross: |
Cash Flow: |
| $3,000,000 |
$417,945 |
$351,206 |
Furniture and Fixtures Value:
$11,851 (included in the asking price)
Inventory Value:
$0 ( not included in the asking price)
Real Estate:
$0 ( not included in the asking price)
Business Summary:
Founded in the year 2003, this prominent direct mortgage lender located in South Broward, Florida. The investment in this venture promises an immediate return of over 8%, and the current proprietors are committed to remaining at the helm for as long as necessary to ensure a successful transition of this acquisition.This opportunity presents itself as a seamless transition, as the Buyer will be meticulously trained in every facet of mortgage lending. This comprehensive training encompasses a deep understanding of mortgage laws, adept collections strategies, proficient origination techniques, strategic advertising, and meticulous accounting practices. Armed with this knowledge, the Buyer is poised to not only sustain but also magnify the growth and prosperity of this enterprise.This enterprise can be adeptly managed by a sole individual, effortlessly steering its course. Subsequently, after acquiring the requisite training, the option remains open to augment production by introducing additional loan officers, contingent upon the ambitions of the new proprietor. This represents a great opportunity for an entrepreneur, one who not only yearns to witness their investments flourish with a rewarding return but also embraces an active role in shaping its future prosperity.
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| Year
Business was Established: 2003 |
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| Number of Employees:
1 PT |
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| Facilities / Terms of Lease:
Seller willing to sublease an office to Buyer for $1,000 a month. |
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| Potential
Growth/Expansion:
Entirely up the the new owner and how much they want to work. Once trained, they can hire loan officers and other processing personnel in order to augment loan volume. Warehouse lines of credit can also be established in order to sell loans to banks. |
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| Competition:
The competitors are other private lenders. This business has the experience and provide a high level of personalized service. They are able to fund small construction projects and typically will balloon our mortgages after 3 years as opposed to the competition who balloon their loans after 1 year. |
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| Owner
willing to train:
Will train for 3 weeks @ $0 cost. |
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| Reason for selling:
One of the partners is retiring. |
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| REQUEST MORE INFO |
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