Notary Services, Transaction Closing=profitability
www.GlobalBX.com
Listing ID:
700370695
Listing Title:
Notary Services, Transaction Closing=profitability
Quick Link:
http://www.globalbx.com/listing.asp?bId=370695
Industry:
Business Services
Industry Segment:
Financial
Country:
United States
State / Province:
Georgia
Area
City:
Atlanta
Asking Price Range:
$1.0M - $2.5M
Gross Revenues:
$1,970,000
Cash Flow:
$400,741
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2016
Number of Employees:
6 - 9
Business Description:
This notary signing services company was built from the Seller's interest in being a notary public. Discovering more demand via the thriving mortgage industry than one person could handle, he started building a stable of signing professionals across the country to which he could outsource signing services on behalf of a growing number of mortgage, banking and lending companies in need of reliable intermediaries to close transactions in a timely manner.
Through hard work and determination, the Company has become a leading third-party vendor to mortgage and title insurance companies nationwide. When a client has any type of mortgage product that needs to be legally signed before a transaction can be closed, they will either place an order with the Company, namely through the secured scheduling platform, and solicit assistance in finding a signing professional (i.e., notary, attorney) to execute the request. Upon receipt of the request, an internal order is created and the scheduling process using the national database begins.
The Company then schedules a notary, coordinates the signing and oversees the process from start to finish in real time. This often entails communication with homeowners, lenders, realtors, escrow agents and, of course, the closing agent.
NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities: The Business just moved into a new 420 square-foot, 3 office, furnished space in a Regus-managed building. The lease of $2,000 per month runs through 2022.
Competition: Competition can be stiff in some markets where mortgage business has been booming, but like every other business, those that offer value and professionalism over simply being ''less expensive'' always win in the long run. Offering extended business hours has given the business an edge over competitors as has the ability to talk to a live person when conducting closing after normal busine
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