Listing ID: 76497
Business Overview
Highly Successful, established, 20 year Title & Escrow business with three locations in emerging mountain resort communities. Excellent reputation and relationship with realtors, lenders and real estate attorneys. Market share is strong and represents 2/3 to 3/4 of all business transacted in the region. Skilled and tenured professional staff with low turnover. Opportunities for growth and expansion. Real Estate is available in all three locations. Business is for sale due to the owners desire to dedicate more time to family. Owners are willing to consider retention of employment positions within the company. 2021 revenue is on pace for $3,058,000 and cash flow well over $1mm. Industry experience is highly recommended for this opportunity!
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Financial
- Asking Price: $2,300,000
- Cash Flow: $1,020,078
- Gross Revenue: $2,789,268
- EBITDA: N/A
- FF&E: $30,000
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
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:12
- Furniture, Fixtures and Equipment:N/A
3 Offices in 3 Mountain/Resort Towns.
Yes, 4 weeks.
Family.
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell businesses. However, the genuine reason and the one they say to you might be 2 entirely different things. For instance, they might state "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may just be excuses to attempt to conceal the reality of altering demographics, increased competition, recent reduction in earnings, or a variety of other reasons. This is why it is very vital that you not count totally on a vendor's word, yet rather, use the vendor's response along with your general due diligence. This will paint an extra sensible picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Many businesses take out loans in order to cover items such as supplies, payroll, accounts payable, etc. Keep in mind that occasionally this can indicate that earnings margins are too thin. Many companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that need to be satisfied or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location attract brand-new clients? Often times, operating businesses have repeat customers, which create the core of their day-to-day earnings. Certain elements such as brand-new competition sprouting up around the area, roadway building, and also personnel turn over can impact repeat clients and negatively affect future profits. One important thing to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business often, the greater the chance to develop a returning client base. A last idea is the basic location demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? Just how might the local typical house income effect future earnings potential?
