Well-Established Real Estate Title Research & Abstract Company

Bethlehem, GA (Barrow County)

Well-Established Real Estate Title Research & Abstract Company

Asking Price:$1,500,000

Cash Flow:$226,679

Gross Revenue:$777,404

EBITDA:N/A

FF&E:$60,000

Inventory:N/A

Real Estate:$350,000

Established:1998

Well-Established Real Estate Title Research & Abstract Company

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Business Description

Since 1998, this Georgia real estate title research company has covered everything in the abstracting and title business from A to Z. The business provides full 50 year residential title searches, and commercial searches which include searching appurtenant easements, reciprocal easements, leasehold estates, servient estates, ground and cell tower leases, tax sale searches, curative title research, foreclosure searches which can include reading foreclosures at the courthouse steps, and much more.

This business has a strong and knowledgeable staff in place and an Excellent Reputation both online and locally. By utilizing cutting edge technology and software, as well as having a footprint across the entire State of Georgia, this business is set for continual growth and expansion, and is a fantastic opportunity for any interested acquirer!

Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The modern facility that houses this business is a 1,786-square-foot office space including an open foyer with 5 cubicles, a private manager's office, a private bookkeeper's office, and an office for additional abstractors. Each desk (13 total) has an industrial-grade computer with a double monitor, scanner, printer, and phone. There is an additional 12x12 storage building on the ~1/2 acre of property, as well as a 2-chair salon that is rented out by the current business owner's wife.
Competition:
This business has an excellent location in the Gwinnett County area seated on the corner of two main streets. There are only 4 other abstracting companies in the state of Georgia that cover the entire State of Georgia and issue titles in title commitment form and this business is one of the 4. The extensive training and knowledge of the staff serves as a barrier to its competitors, and the business has a name that is well known and respected in both the market area and business arena. The business has an excellent online presence with an in-depth website providing a detailed description of the services offered, contact information, and hours of operation.
Growth & Expansion:
The title business continues to consolidate, and this business is set up for continual growth and expansion due to the technology and software they use. Over the last 3 years, sales revenues and profits have consistently increased, and operating expenses have only increased at an equal rate. The service delivery process is one that a new owner can very easily adopt and carry on, and the operations processes are detailed in an operations manual or other documentation. The business has maintained a customer database on which a new owner can rely.
Support & Training:
Currently, the business has 11 active full-time employees. Key staff members have signed employee contracts, and staffing policies are outlined in an employment policy manual to ensure a smooth transition. The business has staff and management in place to help a new owner successfully manage the transition, and to provide continuity after the owner's departure that clients know and trust. The business owner is willing to remain involved for a 2-3 month post-sale transition period, and would like to remain involved with the business, just not in a managerial role.
Reason for Selling:
Semi-Retirement

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GreenTree Acquisitions Inc.

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GreenTree Acquisitions Inc.

GreenTree Acquisitions Inc.

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