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Provider of Property Appraisal and Title Solutions

North East

Provider of Property Appraisal and Title Solutions
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $7,200,000

EBITDA: $340,000

FF&E: N/A

Inventory: N/A

Established: N/A

Provider of Property Appraisal and Title Solutions

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Business Description

The Company is a leading national service provider of appraisal and title solutions. In 2018, revenue was derived from appraisals (64% of sales), public records (17%), title and settlement services (12%), and credit reporting (7%). The Company attributes its success to offering a full menu of products and services nationwide, over 30 years of operations as a family-run business, a commitment to exceptional customer service, use of superior technology, and competitive pricing.

The Company primarily serves the residential and consumer lending market (85% of sales in 2018) as well as public records and information services (12%), and foreclosure and loss mitigation (3%). With over 150 active accounts, the Company serves customers nationwide with a focus (about 70% of sales in 2018) in its regional market. The Company is licensed in 22 states and District of Columbia for title and closing.

Detailed Information

Competition:
* New State-of-the-Art Facility: The Company designed and built a custom, state-of-the-art facility, taking occupancy in recent years. The facility was designed to maximize use of technology, and create highly-efficient and comfortable employee environments to increase output and maximize client satisfaction. It also has substantial capacity for expansion in support of aggressive future growth. * Strong Client Relationships: The Company has many longstanding clients and a high rate of repeat business (95%). For example, it has been doing business with one of its key clients since 2003. * Proprietary Technology: In 2008, the Company acquired its own proprietary software platform. This enables all products and services (except credit reporting) to be managed under one platform, and enables real-time reporting for operations performance metrics.
Growth & Expansion:
Revenue for US real estate businesses (including those providing related services such as appraisals) is forecast to grow at a CAGR of 5% between 2019 and 2023.
Financing:
Negotiable
Support & Training:
The Company has a well-established team of managers and executives in all key functional areas all of whom are expected to remain with the Company post transaction. The owner of the Company is retired and not involved in daily operations.
Reason for Selling:
Market timing
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Jerry Yocum

Business Listed By:
Jerry Yocum

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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