Real Estate Brokerage - Established
Location:
United States
->
Mississippi
Industry: Real Estate > Commercial and Residential Real Estate Brokers
Business Summary
Independently owned/operated brokerage office (non franchise) in excellent location between Biloxi & New Orleans. This company distinguishes itself from larger offices with discounted realty fees & an excellent reputation. Office is adjacent prime MS Gulf Coast subdivision with potential of Casino being built. Broker/Owner is Top Producer & lifetime member of Top Producer Club. Pre Katrina, initial sales started at $27,000 & jumped to $158,000 due to Casino & Gulf Coast growth. From 2003 - 2007, yearly income averaged $100,000/year. This is single agent income. Income relative to market conditions. Operating costs exceptionally low, roughly $1700/month.
This is an excellent opportunity for a broker/agent/office looking to relocate to an area with exceptional growth potential. Unlike other stagnate real estate markets, the MS Gulf Coast will recover faster due to federal funding & grant money, rebuilding of infrastructure, major Casinos open/ing (Beau Rivage, Hard Rock etc), new businesses, & rebuilding along the Coast in general as investors buy property. All notable aspects for economic/market growth. Pre Katrina development of Coast line is excellent case study of growth potential ... & their wasn't the extensive amount of funding then. Think Las Vegas but with a body of water for sport ... Gulf of Mexico, New Orleans close by, as well as the Florida panhandle.
Large office with front reception, 4 large offices, bathroom, and kitchen. Could redo office to accommodate more agents. Seller will do everything to assist in a smooth transition/continued success, including staying on for a negotiated amount of time. Current Listings total: $3,837,800. In house commission potential: $200,000. So don't start from scratch, start with a reputable and established company and an excellent inventory of listings. Seller financing available. Asking $80,000. $20,000 cash upfront, 60,000 financed.
Financials
Asking Price Range: < $250K
Gross Revenues:
$80,000
Cash Flow:
$60,000
Cash Flow Type: EBITDA
Seller Financing: Yes
About The Business
Year Established: 2000
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Owner / broker is willing to stay on for negotiated period.
Reason For Selling: Relocating
Click on the "I'm Interested" button above for more information on this Real Estate > Commercial and Residential Real Estate Brokers business for sale.
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Print Listing Id: 70093959
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