Business For Sale

Business Overview:

With offices in Tyson’s Corner, Virginia, this company is a full-service real estate title, escrow and settlement company handling residential and commercial property sales and refinancing in Virginia, Maryland and Washington, DC. This company was founded by its current owner in May of 2007, just as new home starts were beginning to tumble. Despite the enormously difficult environment, by ensuring superior customer service that stood out above the competition,this company grew strongly throughout the housing and the economic crises. From $140,000 in revenues in 2008, the company grew to over $400,000 in revenues in 2010. The company has always been profitable.

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Property Features and Assets:

The company is on a month-to-month lease in an executive office suite that supplies receptionist services and attractive conference rooms. Additionally, it allows the company to use conference rooms for its closings in other locations around the DC metro area.

Market Competition and Expansion:

Many title companies went out of business during the housing slump; this one grew. This company has a broad and diverse base of business and is respected by attorneys and real estate agents for its competency and for its ability to cater to the needs its clients. It is located in the richest market in the country. Northern Virginia average home prices increased 4.5% in 2010 over 2009 prices. Pending home sales, the leading indicator of future activity, increased 15.7% in December 2010 over December 2009. With the relationships this company has in place and its excellent reputation, this company expects to experience strong growth in 2011 as a result of the rebounding housing market. Additional marketing would further accelerate this growth.

Reason for Selling:

Owner wants to start a family.

Additional Details:

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