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Texas Business For Sale |
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| LARGE, BRANDED RESIDENTIAL REAL ESTATE BROKERAGE |
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| Attn: Jeremy Furtick |
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| Dallas-Fort Worth, TX, USA |
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| Asking Price: |
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$850,000 USD USA Dollars |
| Business for Sale Industry: |
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Services: Real Estate |
| Reason for Selling: |
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New Business Opportunities |
| Year Established: |
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1984 |
| # of Employees: |
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50 plus |
| Yearly Revenues: |
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$934,934 |
| Yearly Cash Flow: |
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$252,841 |
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Business for Sale Overview:
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This long-standing real estate office in North Dallas has been successfully pairing buyers and sellers of residential properties for more than 20 years. They have a successful tradition of listing and selling quality properties in some of the most desirable neighborhoods in the Dallas/Fort Worth Metroplex.
Over the past five years, this office s agents have consistently averaged more than $5 million in individual production, compared to the market average of $2 million per agent. This office has averaged approximately 1,500 transactions per year during that same time period.
They primarily serve clients in the North Dallas, Plano, Carrollton and Richardson areas, but also have listed and sold residences in Keller, Southlake, Garland and Mesquite. On average, houses listed with this office sell for $225,000 to $250,000 single-family, 3-4 bedroom, 2 bath homes. These types of listings are desirable as they represent the highest volume of sales in both up and down real estate markets.
The brand is powerful their key demographics are 35-to-45-year-old sellers and 25-to-35-year-old buyers, both of whom have grown up under the consistent national brand marketing the company has promoted for so many decades.
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Property Features and Assets:
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The brokerage offices in a beautiful 10,000 square feet facility. They have room to grow to 125 agents comfortably.
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Market Competition and Expansion:
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The residential real estate market is littered with competition when it comes to the number of local offices available. There are some key elements, however, that make this office a major player in this highly competitive market. First, their brand is the most widely recognizable in the industry. Second, the size of property they target is in a range that sells well in both up and down residential markets. Finally, the geographic area they serve in the North Dallas region has continued to be a solid area for growth and turnover.
The key to any office s ability to achieve significant growth in a relatively short period of time centers on its ability to add agents to the company roster. First, their office facility can easily house an operation of 125 agents, and second, the power of the company s brand is an invaluable recruiting tool. The ability for immediate growth and increased profit is there if a new owner has that desire. |
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Additional Details:
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- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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