Profile: Well-Known Orange County Independent Escrow Company.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Jeanette Bailey, Broker
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| Primary Phone: |
714-619-9310 X251 |
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| Alternate Phone: |
None Given |
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| DRE Number: |
None Given |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
11/13/09 |
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| Date Last Revised: |
11/13/09 |
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| BizBen Ad #: |
147897 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$149,900 |
| Down Payment: |
Call/Email |
| Annual Revenue: |
$293,600 |
| Annual Adjusted Net: |
$22,000 |
| Price Range: |
$100,001 to $250,000 |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Yes |
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Description:
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Strategic Opportunity. Well-Known Orange County Independent Escrow Company, In Business For Over 30 Years, Is Available To Purchase. Rarely Come On The Market. They Have A Well Established Loyal Following Of Real Estate Brokers, Agents And Owners For Single And Multi-Family Residential And Commercial Escrows. They Handle Escrows For Purchase, Exchanges, Re-Finances And Bank Owned Reo Property Portfolios.
This Is A Window To Purchase At Current Business Levels And Prices Before Real Estate Recovers. The Upside Is Substantial. In 2005 They Had Revenues Of Over 1.3 Million With Seller Discretionary Earnings Of Just Under 600,000. Their Books Are Audited.
Owner Is The Escrow Manager And Has Two Long-Time Escrow Officers Each With Over 25 Years Experience As Escrow Officers. License Required By Department Of Corporations (Doc) For Independent Escrow Companies. Current Owner’s License Can Be Transferred And If Buyer Does Not Have The Required 5 Years Of Escrow Officer Experience, One Of The Current Employees Would Be Qualified To Apply As Manager.
Owner Said That To Open A New Escrow Office Has Been Estimated To Run Around 125,000 Including License, Equipment, And Other Start-Up Costs. This One Comes With 20,000 Of Ff&e, Systems, Software, The License And Goodwill Of Valuable Relationships Already Established For Three Decades.
Owner Wants To Retire After Very Successful Career. Will Stay On To Transition Relationships And Is Open To Longer Term Consulting Agreement. Spouse Is Their Part-Time Cfo.
Disclaimer: The Information Above Was Furnished By The Seller. Sunbelt Business Brokers Of Orange Coast Or Its Agents Have Not Verified The Information And Makes No Representations As To Its Accuracy Or Reliability.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Jeanette Bailey, Broker at 714-619-9310 X251 |
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