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Profitable & Successful Five Star Rated Mortgage Business

Fairfax County, VA

Seller Financing Available
Profitable & Successful Five Star Rated Mortgage Business
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Asking Price: $499,000

Cash Flow: $200,000

Gross Revenue: $300,000

EBITDA: N/A

FF&E: $5,000

Inventory: N/A

Rent: $950 /Month

Established: 2006

Profitable & Successful Five Star Rated Mortgage Business

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Business Description

Small Mortgage Business that is ready to scale, has the investor relations, grandfathered low costs. If you are looking for a turnkey mortgage business that is set up for success this is it. Low rent, Owner is ready for someone new to take over the business and scale it up. The opportunity is there, and the infrastructure awaits you.

Detailed Information

Location:
Fairfax County, VA
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
10/15/2020
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Office Park, space can be built out to include private offices.
Competition:
A constant influx of jobs and stability in the Metropolitan area. Amazon Corporate HQ moving to the area will create more real estate transactions, thus more mortgages. Built-in and long-standing relationships with Lenders create the path towards immediate lending at best rates. Partner relationships with Vendors create cost-effective, grand-fathered benefits. Preferred Partner with a key Banking institution creates a stream of leads. Main competition is the onset of more mortgage lending originating from Banks, but their pricing is much higher.
Growth & Expansion:
The office can be restructured to accommodate more individual offices. However, most Loan Officers work just as effectively remotely. This ownership can be Absentee. Expansion is do-able by doubling or tripling staff, thus multiplying gross revenues.
Financing:
Seller Will Consider Seller Financing
Support & Training:
2 weeks
Reason for Selling:
Focus on other business(es)
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Jerry Elliot

Business Listed By:
Jerry Elliot

TransWorld Business Advisors of National Harbor

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