9 Y/O Finance Membership & Education Subscription Business

Hudson, WI (Saint Croix County) (Relocatable)

9 Y/O Finance Membership & Education Subscription Business

Asking Price:$400,000

Cash Flow:$144,678

Gross Revenue:$224,541

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:9

9 Y/O Finance Membership & Education Subscription Business

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Business Description

The was founded in 2007. This recurring membership business has grown every year for its 9 years in business and boasts an incredibly low customer churn rate due to the continual need for the service by clients. The company is unique as it is the only company in the space that interprets the mortgage rules and makes them easier to understand for brokers.

The company was formed in response to the global financial crisis change in rules and regulations for the mortgage industry. The problem it solves is interpreting the changing rules and regulations and converting those into simple, digestible information on how to comply with government regulations. It is designed to keep loan officers, processors, and underwriters current on the ever-changing regulations and guidelines for FHA, VA, Fannie Mae, Freddie Mac, USDA, NMLS, CFPB and other regulatory agencies.

The key component is we have a help desk where officers can answer specific questions when needed.

The general customer tends to be B2B which has allowed for group-membership accounts to be recently implemented. With promising early returns, it would appear the business has a possible target market of large-scale companies with compliance departments.

The business has grown in sales from:
$161,733 in 2011 to
$216,233 in 2015
74% in 5 years or 14.9% yearly growth
Q1 2016 profit was $32,052 compared to $24,814 in Q1 2015
22% increase in profit year on year

Detailed Information

Employees:
5
Facilities:
Home Based
Home-Based:
This business is Home-Based

Listing Statistics for Premium Members

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Jock Purtle

Business Listed By:
Jock Purtle

Raincatcher LLC

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