For Sale: Independent Escrow Company - Established - Los Angeles County Area

Current Status: Active     Posting #: 265558     Last Refreshed: 12/8/20    
Although established as a Broker-Owned company in 2005, the owners pivoted its operations in 2011 when two initial partners decided to obtain their DBO license and became an independent escrow operation. By May of 2012, they hired their first experienced Escrow Manager and brought in a third partner to rebrand the Company and incorporate new technology that would allow it to run more efficiently. These were complimented by the development and implementation of foundational SOPs that set high professional standards and enacted employee and regulatory practice accountability.

On a day-to-day basis, the company is run by the same Escrow Manager, two escrow officers and one assistant. Although the partners are less active in the business, they maintain oversight of its operations. One focuses on the financials, audits, and DBO compliance while another oversees technical support and marketing. The third partner provides coaching and support via weekly meetings and consultations.

The Business is staffed well for the current volume estimated to be 30 to 40 transactions per month. Despite the pandemic, business is better than 2019 and the business can handle additional transactions without overwhelming employees.

NDA is required to secure comprehensive Confidential Information Memorandum (CIM).

Detailed Information

Facilities: The Company operates out of a small commercial building in a suburb of Los Angeles. The 800 square foot space rents for $1285.00 per month, on a month-to-month basis. Although the majority of transactions happen close to the office, the business handles transactions all over Southern California.

Competition: The Company's reputation is a key driver to building the business year over year. Despite there being other area escrow companies, there seems to be enough work for all. There has never been a time in the Company's history when it hurt for business.

Growth & Expansion: The Business does very little marketing. By launching advertising efforts online and in social media, the business could potentially quickly attract new clients; as would mailers to residential and commercial real estate agents. With the strong foundational practices, policies, protocols and technology, a Buyer could package the concept for franchise.

Support & Training: As needed and as negotiated.

Reason for Selling: The sale is a consolidation of the partners personal and long-term interests.