Commercial and Residential Realty Brokerage

Not Disclosed, CT

Asking Price: Annual Revenue:
$549,000 $436,225

Services: Real Estate

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RE: Commercial and Residential Realty Brokerage Broker: Darren Smith

Quick Facts

Asking Price: $549,000
Annual Revenue: $436,225
Net Profit: Not Disclosed
Cash Flow: $132,354
Total Debt: Not Disclosed
FF&E: $2,500
Real Estate: Not Disclosed
Year Established: 1983
Employees: 14
BBN Listing #: 99864955
Broker Reference #: 3408-16533

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Business Overview:

Real Estate brokerage providing both residential and commercial sales and leasing service. In the commercial division, this brokerage has a strong market share with several repeat clients. There are several agencies in the immediate area, but their primary focus is residential brokerage.

Since there is a limited number of commercial brokerages in the area, this brokerage enjoys a strong market share in this sector.

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Property Features and Assets:

Located in a busy section of the county. Current lease is $1,100 month to month with new tenant having the option to signing a long term lease. Space is 1,573 +-Square Feet. 80% of the clients are located within a 15 mile radius. Assets = $2,500.

Market Competition and Expansion:

There are several agencies but they focus on primarily residential brokerage. There are only a few local commercial brokers. Strong market share in this sector in the communities that they primarily serve. The housing market remains very strong in all sectors from single family homes to multi family and larger apartments. The light industrial, distribution, and medical sectors hold additional promise for growing market share. During covid income was up 7% and 2021 will be a very promising year due to more listings and higher value transactions. There is potential for additional commissions on the commercial leases if options to renew are exercised.

Reason for Selling:

Owner is retiring-like to stay as an agent.

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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