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Central Texas Abstract Title Office

TX (Relocatable)

Seller Financing Available
Central Texas Abstract Title Office
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Asking Price: $400,000

Cash Flow: $170,400

Gross Revenue: $470,861

EBITDA: $69,025

FF&E: $15,000

Inventory: N/A

Real Estate: $317,440*

Established: 1900

*not included in asking price.

Central Texas Abstract Title Office

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Business Description

For over 125 years this Abstract Title Company has provided professional, friendly service at the closing table and throughout the real estate transaction. They work closely with Real Estate Professionals, Lenders, and every party to the transaction to make the extremely tedious, and often stressful real estate transaction process simple, and stress-free. They are licensed in a growing Central Texas county as well as adjoining counties commensurate with their their Underwriter-Partners. They are also a licensed agent for a large national Title Company. Their Title Plant and document history dates back to the sovereignty of Texas and because their Title Plant is located on-site, any questions that may arise can be addressed immediately, before they become a problem. They clearly understand that their community’s success is their important undertaking. Investing in local / regional Chambers of Commerce, as well as cultural, historic, religious, and other activities – they help shape and define the success of their community. It is their desire to invest in their community while serving their community. Being located at the County Seat in one of the fastest growing Major Statistical areas of Texas and The United States, this Company is well positioned to support the growth of the Central Texas marketplace market for years to come.

Detailed Information

Real Estate:
Owned
Not included in asking price
Building SF:
4,198
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
he Real Estate consists of a 4,198 square foot commercial building located in the County Seat. It consists of 3 offices, a Library, a File Room, Three Secretarial stations, a copy room a reception area a conference room and two restrooms.The seller desires to lease the real estate to the new business owner. The lease would be at the rate of $1,500 / month ($18,000 annually) please taxes, insurance and maintenance).
Competition:
The advantages of this Abstract Title Company over the competition are as follows; 1.) Ownership involvement in the business. 2.) A Real Estate Attorney looking over the transaction. 3.) The flexibility of an independent Abstract / Title Company 4.) The responsiveness of an independent Abstract / Title Company 5.) The relationships developed as a result of the 125 years in the same marketplace as the oldest title company in the marketplace (125+ years).
Growth & Expansion:
Located at the County Seat and located in one of the fastest growing Major Statistical areas of Texas and The United States, this Company is well positioned to support the growth of the Central Texas marketplace market for years to come.
Financing:
Seller will seller finance to lender requirements
Support & Training:
The seller will provide all the support and training to insure a smooth transition of ownership.
Reason for Selling:
Planning for retirement
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(from currently available funds)
 
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Rick Swetman

Business Listed By:
Rick Swetman

The Swetman Group

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