Central Utah’s Premier Appraisal Company

Salt Lake City, UT
Salt Lake County

Asking Price: Annual Revenue:
$467,000 $434,400

Services: Non-classifiable

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RE: Central Utah’s Premier Appraisal Company Broker: Saul Komisar
Owner Financing is Available!

Quick Facts

Asking Price: $467,000
Annual Revenue: $434,400
Net Profit: Not Disclosed
Cash Flow: $165,000
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: 3
BBN Listing #: 773549963
Broker Reference #: 1401-154013

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Business Overview:

Absentee Operated / Seller FInancing

This residential appraisal group has successfully been in business for well over ten years and has been consistently profitable through various economic trends due to their customer centered focus, which has created a recurring revenue stream unusual to this sector. The company is technology driven and with a full back office support team, which has led to unusually high margins relative to their industry peers There is a certified and competent manager in place. The owner has another unrelated business that is his primary focus, so the firm is a completely turn-key operation for the right buyer. All appraisers are fully licensed and have long term incentives in place. The company has OUTSTANDING online reviews and recognition in the Salt Lake area. The owner spends less than 5 hrs. a week working on the business. This is a perfect acquisition for a similar company looking to expand in central Utah, an accounting firm looking to grow their appraisal business or an individual seeking to get into an established appraisal business with the entire infrastructure in place as well as an excellent brand name.

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Property Features and Assets:

• Semi-Absentee Run • Customer Base Includes a Large Amount of Now Lender Appraisal • Back Office Staff in Place to Support Appraisal & Future • Hiring, Training & Procedural Manuals in Place (Written & Videos) • Multi-Office Business Posed for Continuous Growth • Experienced Branch Managers in All Locations • Opportunity to Expand into Commercial Appraisals • Highly Recognized Firm with Excellent Online Reviews & Extremely High Organic Search Rankings • Seller Financing Available for a Qualified Buyer • SBA Approved • Growing Revenue Base • Recession Resistant Customer Base All assets of the business are well-maintained and included in the business. There are hiring, training, and operational manuals in place as well as internally prepared videos.

Market Competition and Expansion:

This firm has carved out a geographic and service-based niche that separates them from their peers. Many other firms rely on the owner for the operational reliance and revenue generation. That is not the case with this highly organized and efficient firm. Also, they have an incredible organic, online presence. Revenue for US real estate (including those providing appraisal services) is forecast to grow at a CAGR of 5% between 2019 and 2023. Currently the firm only operates within the residential appraisal space. Commercial appraisals, equipment, inventory, and auction-based appraisals are a huge untapped market for the new owner. The back-office support staff in place could also support additional office expansion into adjacent markets. Finally, the firm spends relatively little on traditional advertising. An aggressive new owner could generate significantly higher revenues by investing in various traditional social media platforms.

Reason for Selling:

Other Opportunities

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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