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Mortgage Banking Business For Sale
Location: United States -> Louisiana
Industry: Real Estate > Mortgage Brokers




Business Summary

This turn-key mortgage banking business for sale in South Louisiana has been an institution in the community for over a decade. Company has a strong and reliable reputation in the community and amongst professionals who often pass on referrals to them. Mortgage Company specializes in the home purchase loans and has a very successful model for generating revenue. This is an excellent opportunity for any associated business such as a real estate company, building company, and other mortgage company or community bank.
Business is located in a large, very fast growing outlying suburb city that is just a short drive to a major metropolitan city with all the amenities. Residential construction is of a record pace as is total home sales. There is plenty of very affordable housing, many with large acreage lots. The city has a great social climate associated with old southern charm that it possesses. This is a great place to live, work, and raise a family.
Owner has decided to sell to pursue other business interests. Seller is highly motivated and will help train new owner in the transition period. Owner will consider some seller financing for a qualified buyer with a reasonable down payment. Contact us today for more information on this mortgage lending institution, meet the seller, see the great operation, make offer!


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $425,000
Cash Flow:   $185,000
Cash Flow Type:  EBITDA
Inventory:  $21,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2002
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Available
Reason For Selling:  Other business interests




Print Listing Id: 700243979
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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 > Louisiana Businesses For Sale > Louisiana Franchises For Sale > Louisiana Business Brokers



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