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Well Established, Profitable Mortgage Company

Location  Virginia,United States
Asking Price Range  $250K - $500K
Gross Revenues  $334982
Net Profit / Cash Flow  $196475
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1990
Number of Employees  1 - 3
Inventory  5000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  Will train for 2 weeks at $0 cost.
Reason for Sale  Owner is retiring.
Description  This Shenandoah Valley Mortgage Company has been serving the area for 22 years building a very loyal client base and outstanding reputation in the industry. This company originates Conforming/Conventional, FHA, VA and Rural Housing Loan Programs. It takes time to attain trust and respect in the mortgage industry and purchasing this business opens the door to immediate credibility in those areas while allowing access to an enormous and growing customer list as well. Present ownership willing to stay on board for 6 to 12 months to make for a seamless transition and help retain clients. The company has been located in the same place since opening in 1990. The business has 1,500 square feet in the bottom floor of a professional office building. They currently have 1 empty office on their floor that is not being utilized and there is ample parking space. The owner of the Business owns the building and is willing to sell the building if interested. Selling Price: $313,000. For more information, please contact Richard Halterman at 540-248-8899.
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