Listing ID: 79314
This is a high-powered real estate company that boasted 102 million in sales for 2021. Our unique method of training realtors to become the best in the industry has made us one of the fastest-growing companies in Florida. A humble 5 person beginning has led to what is now 50 agents, 8 million in sales per month on average, a dynamic recruiter, state-of-the-art systems, and a presence throughout the state. We belong to Seven MLS’s state-wide and have agents that represent our company as far south as West Palm and the Keys. Our company’s culture is unrivaled and we are continuing to grow due to having the best marketing, lead generation, one on one dedicated training, and amazing support from our partners.
- Asking Price: $450,000
- Cash Flow: $234,222
- Gross Revenue: $2,822,758
- EBITDA: N/A
- FF&E: $8,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,678
- Lot Size:N/A
- Total Number of Employees:50
- Furniture, Fixtures and Equipment:N/A
We currently lease two offices in the greater Jacksonville area. While our focus is the Northeast Florida area, our brokerage also services most of the state as a member of the following MLS's: NEFAR, GACAR, Stellar, Space Coast, St Augustine, West Palm and the Florida Keys
I will absolutely help the new owner with the transition because the future of the company and its agents is very important to me.
Focus on other opportunities
Our outstanding performance has been proven over time. We have now been invited to participate in Zillow's elite Flex program which eliminates the upfront lead generation spend. There are two local brokerages with a similar business model in the Northeast Florida area.
We are currently under a lease for a brand new (under construction) office that is a much larger, state of the art, and centralized office. It will be ready June 1st with a 5-year lease. The company has grown to such a level that having one large centralized office has become necessary. I currently staff a recruiter and encourage the new owner to continue to use her services. I have vast experience with the Zillow platform and have developed a very successful team strategy. Ideally, I will stay with the acquiring company as a Broker Associate to lead the Zillow Flex team and grow throughout the state.
The company was started in 2019, making the business 3 years old.
The business has 50 employees and is situated in a building with approx. square footage of 2,678 sq ft.
The building is leased by the business for $5,500 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell businesses. Nevertheless, the real factor and the one they say to you might be 2 absolutely different things. As an example, they might state "I have way too many various commitments" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these may just be justifications to attempt to hide the reality of changing demographics, increased competitors, current reduction in revenues, or a variety of other factors. This is why it is extremely important that you not depend totally on a seller's word, however instead, utilize the seller's solution along with your general due diligence. This will repaint an extra sensible picture of the business's present situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses finance loans so as to cover items such as stock, payroll, accounts payable, and so on. Remember that in some cases this can suggest that profit margins are too thin. Numerous companies fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that must be met or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area draw in new consumers? Most times, companies have repeat clients, which create the core of their everyday profits. Specific factors such as new competition growing up around the area, roadway building, and staff turnover can influence repeat clients as well as adversely influence future incomes. One crucial point to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business often, the higher the possibility to construct a returning consumer base. A last idea is the general location demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? How might the neighborhood median house earnings effect future revenue potential?