Buy a business for sale or sell a business for free. Find businesses for sale, franchises, business brokers & commercial loans.

Advanced Search  |   Listings By Email  |   Message Boards  |   Professionals Directory  |   Loans & Financing  |   Business & Mortgage Notes  |   Buyer Resources

Restoration 1 Reconstruction Services Franchise Opportunity

Handyman Matters Franchise Opportunity

ServiceMaster Clean Franchise Opportunity

Business For Sale Search Results

New Search

Get Free Information on all of the Top Franchises

Ask questions in our Entrepreneur Forums

Get a Business Loan

Residential Mortgage Broker
Location: United States -> Utah -> Salt Lake County
Industry: Real Estate > Mortgage Brokers




Business Summary

This residential mortgage brokerage offers purchase or construction loans as well as refinancing. In 2021, the company's activity skewed heavily toward refinancing since home inventory was very low. Their goal is to have an equal distribution between home purchases and refinancing.
The company was steadily growing loan volume, although 20201's extremely low housing inventory, coupled with price surges, resulted in fewer loans but higher overall dollar volume.
With the booming real estate market in Utah, the outlook for the business is very positive. Asking price is $700,000. Some seller financing may be negotiable for a well-qualified buyer.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $1,171,326
Cash Flow:   $276,945
Cash Flow Type:  EBITDA
Seller Financing:  Yes

About The Business

Year Established:  1998
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  negotiable
Reason For Selling:  retirement




Print Listing Id: 700372599
Can't Find Your Dream Business? Get Free Franchise Information on all the top franchises, Post a Free Wanted Ad on our Message Boards, Get New Listings sent to you, or try our Advanced Search.

Don't forget to Sign up for our Newsletter and get free tips on how to buy or sell a business from the leading industry experts!

Advertise Your Business For Sale   Free Listing!


Related Searches: Commercial and Residential Real Estate Brokers  >  Mortgage Brokers  >  Title and Escrow  >  Other Real Estate  > 

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



CAN'T FIND A BUSINESS?
Click here to post a free "business wanted" message to the Message Boards.

Click here to get new business for sale listings emailed to you automatically.

Contact the Seller
* All fields are required
Re: GlobalBX ID: 700372599
Your Role
Buyer Type
Experience Level

Yes! I want my FREE e-book and newsletter.
Do Not Send Spam
GlobalBX does not tolerate unsolicited commercial email or "spam". If you are not a potential buyer of this business, do not use this form.