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Southern California

  • Listing No.: 130-00140

  • Category: Service

Asking Price $395,000
Down Payment
Gross Revenue $1,614,648
Total Adjusted Net Income $320,442
Equipment/Fixtures $20,000
Year Established 2006
General Location Southern California
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Grow your mortgage brokerage and real estate by acquisition! Here is a unique opportunity to acquire an established, profitable real estate and mortgage brokerage with multiple locations in Southern California! The brokerage provides residential real estate services as well as various loan services for their clients including Correspondent Conventional and VA (Direct Lender, Mortgage Banking), Brokered FHA, VA, Conventional loans etc. The brokerage provides a full menu of loan products. Further, the brokerage features a solid infrastructure of systems, procedures, full compliance and QC, which will provide for a smooth and easy transition for the Buyer. Seller’s current role is general business management. This opportunity is ideal for an established real estate or mortgage broker looking to either start his/her own brokerage or grow the revenue and client base of an existing brokerage. Seller is retiring and is motivated to sell. Opportunities like this are rare! Email inquiries to: lhout@fcbb.com.

Gross Revenue $1,614,648 Listed Price $395,000
Total Income $320,442 Down Payment
Base Rent $1,996 Square Feet 815
Total Rent $1,996 Lease Expiration 2/2019
Rent Deposit $2,020 Lease Options
Inventory $0 Leasehold Improvements
Equipment/ Fixtures $20,000 Other Assets Supplies $500, Signage $400
Full-Time Employees 0 Training Period 2 Weeks
Part-Time Employees 0 Special License Required
Contract Staff 22 Reason for Selling Retirement

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.