23 year old established Mortgage broker

Wayne, PA (Delaware County)

23 year old established Mortgage broker
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Asking Price: Get Financing: $1,450,000

Cash Flow: $300,000

Gross Revenue: $600,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $2,800 /Month

Established: 1996

23 year old established Mortgage broker

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Business Description

Extremely independent established Mortgage Broker @1996 est

Kuranda Financial Mortgage Inc, and Kurandamortgage.com are a storefront mortgage broker business. established in 1996, and in the same location since the 1990's! The following of repeat and referral borrowers is at the top of the food chain for the mortgage industry after closing over 27 thousand loans in 23 years comprised of refinance and purchase transactions. Please know that this Independent mortgage Broker is not controlled by a Realtor with higher open market mortgage rates.

Detailed Information

Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
9/9/2026
Employees:
5
Facilities:
Debt free very low expenses.
Competition:
Already made it through the subprime crash of 2008 when 90% of my competitors went bankrupt or were seized by the FDIC. It’s an amazing following after 23 years. My name is the company name and I stand behind my solid, perfect loan packages. At this point I have enough business for 4-6 loan officers, just not myself anymore. Cash flow is gigantic as fixed costs are extremely low.
Growth & Expansion:
Kuranda was a Banker and in 13 states at a period before 2010. There is only expansion going forward.
Support & Training:
Owner would like to stay 7-9 years
Reason for Selling:
Just feeling out my success to see it's worth.
Franchise:
This business is an established franchise
Business Website:
http://kurandamortgage.com
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Business Listed By:
THOMAS KURANDA

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