Turn Key Mortgage Brokerage Company For Sale
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $300000
Net Profit / Cash Flow $30000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1998
Number of Employees 1 - 3
Inventory 125000
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training Seller will train.
Reason for Sale Need change.
Description Company started in 1998. Licensed in NJ and PA. Conforming to Non-Conform loans. Avg. Loan size $240K and avg income per file $4400. Price incl desks, computers, printers, copiers,etc. 1811 sq. ft office lease runs out 5/31/08. Own all equipment and furniture. 2 years before refi boom company was doing $500K-$750K then went to $900-$1.1M gross rev. during refi boom. Seller burned out after refi and production and staff were slowly let go. Price includes existing customer base of approx. 2,000 clients. Asking $175,000. Contact for more information on this Mortgage Brokerage for sale.
Click Here To Contact Seller
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