Business Overview

Profitable long operating real estate appraisal company. Residential appraisals only.

Four licensed appraisers on staff.

Strong bank relationships drive volume to this well-known branded company.
Lenders require certified appraisers to inspect and, or, review and sign all reports

This company does not conduct any marketing. A new owner can potentially further increase revenue by creating and conducting marketing strategy such as Google ads.

This listed business is priced very competitively and no Seller financing is offered.

Acquiring this company requires compliance with State of Rhode Island Real Estate Appraisal licensing laws.

Who should acquire this business?

1. Strategic operator seeking very good margin revenue volume as well as market share in the Rhode Island market.

2. Licensed real estate appraiser ready to graduate to owning their own firm.

Please contact us for an Executive Summary on this business.

Financial

  • Asking Price: $649,500
  • Cash Flow: $293,124
  • Gross Revenue: $384,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2011

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Two story office located across from a campus and lake. Street parking.

Is Support & Training Included:

Will work with new owner for management transition. Willing to enter into a consulting agreement subject to definitive legal agreement. Flexible on timetable.

Purpose For Selling:

Retirement

Pros and Cons:

Similar firms often lacking operating history and lender relationships enjoyed by this firm.

Opportunities and Growth:

Conduct marketing campaign. Review pricing strategy.

Additional Info

The business was established in 2011, making the business 11 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons people decide to sell operating businesses. Nevertheless, the genuine reason vs the one they tell you might be 2 completely different things. As an example, they might claim "I have too many various responsibilities" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may just be excuses to try to conceal the reality of transforming demographics, increased competition, current decrease in revenues, or a variety of various other reasons. This is why it is very important that you not rely completely on a seller's word, but instead, use the seller's answer together with your general due diligence. This will paint a more practical picture of the business's current scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses borrow money in order to cover points such as stock, payroll, accounts payable, etc. Keep in mind that sometimes this can suggest that earnings margins are too tight. Numerous businesses fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that need to be met or might lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location draw in brand-new customers? Many times, companies have repeat consumers, which create the core of their daily profits. Particular elements such as brand-new competitors sprouting up around the area, roadway building, as well as personnel turn over can impact repeat customers and also negatively influence future profits. One vital thing to think about is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business regularly, the greater the chance to develop a returning customer base. A final idea is the general area demographics. Is the business located in a largely populated city, or is it situated on the edge of town? Exactly how might the regional average house earnings influence future revenue prospects?