Real Estate Company
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $1590000
Net Profit / Cash Flow $402000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1978
Number of Employees 10 - 19
Inventory 51100
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Training The seller is also committed to seeing that a smooth transition of ownership takes place.
Reason for Sale Personal reasons.
Description The Company operates out of two offices in the Central California's Foothills and is the leading real estate brokerage in its area, which encompasses a number of rural communities. The Company handles primarily residential real estate, although it offers several commercial listings as well. The Companies agents have been serving the area since 1978, and they are well known for their knowledge, experience, and professionalism in handling all the details of a successful real estate transaction. The current owners of the Company have spent significant energy and resources to bring the Company to its current level of success. Through the process of mergers and acquisitions, they have already accomplished a significant goal by taking over 40% of market share in just three years time, while modernizing office practices. The Company operates entirely on its generated cash flow. The Company has shown solid sales throughout its history. Gross Income for the year 2005 was $1,254,200, for 2006 was $958,900, and for 2007 is estimated at $1,590,000. Proprietary Income for 2007 is projected to be $402,000 (See Section 3.3 Recast Income Statement). The Company has grown as new agencies were added, the latest in January 2007. A review of the Company s historical Sales Volume and net cash flow results shows the average annual Net Cash flow for the five-year period from 2003 through the projected 2007 to be $417,000 (see Section 3.5). Further, the owners have identified several ideas that a new owner might consider to take Company to the next level of growth (these will be shared with the buyer as is appropriate). Contact for more information on this Real Estate company for sale.
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