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Mortgage Company Successful And Profitable
Location: United States -> Kansas -> Kansas City
Industry: Real Estate > Mortgage Brokers




Business Summary

Business for Sale

Business Type: Mortgage Banking/Brokerage Company

Sale Price: $3.5MM
Gross Revenues: $4.7MM
Cash Flow: $1.2MM

# of Offices: 4 (in 3 states, licensed in 5 states)
# Employees: 70 full time (60 producers, 10 admin)

Years in Business: 10+
Sale Reason: Owner pursuing other interests.

- Experienced Staff
- All A-paper & FHA loans
- Extremely low loan default rate
- Licensed to do Government & Conventional Loans
- Averages $8MM in volume per month
- Exceptional growth and income potential especially for bank chartered institution’s purchase
- Superior Systems & Procedures Kept Company Profitable During Difficult Times
- Owner will consider staying on for long term consulting or as equity partner
- Purchase terms negotiable
- Non-disclosure agreement required prior to release of more detailed information
- Will pay brokerage an agreed upon commission if closes under right terms
- Serious inquiries only, no solicitations please.

Contact for more information on this Mortgage Company for sale.


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $4,000,000
Cash Flow:   $1,200,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $250,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1999
Number of Employees:  50 - 99
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Any nececssary training & support negotiable.
Reason For Selling:  Other business interests.




Print Listing Id: 700130144
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Related Searches: Commercial and Residential Real Estate Brokers  >  Mortgage Brokers  >  Title and Escrow  >  Other Real Estate  > 

Also See: Franchise Opportunities > Franchise Resales > Kansas Businesses For Sale > Kansas Franchises For Sale > Kansas Business Brokers



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