Home Mortgage Company

Not Disclosed, FL
Hillsborough County

Asking Price: Annual Revenue:
$599,000 $590,143

Services: Real Estate

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RE: Home Mortgage Company Broker: Dan Gore
Owner Financing is Available!
$89,850 down/$29,950 over 24 mos. @ 5.50 %/Other Financing.

Quick Facts

Asking Price: $599,000
Annual Revenue: $590,143
Net Profit: Not Disclosed
Cash Flow: $241,801
Total Debt: Not Disclosed
FF&E: $63,172
Real Estate: Not Disclosed
Year Established: 2006
Employees: 5
BBN Listing #: 21494955
Broker Reference #: 1033-16572

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Business Overview:

15 yr. established Home Mortgage Company for sale in E. Tampa. Non-franchise. Many types of Loans: Conventional, VA, FHA, USDA, Re-fi, Home Improvement, etc. 7 on staff. 4 FT originators. Owner can stay on & do sales/transition for a for weeks or months if needed. Owner has this business at a size that works for them. New buyer may choose to add more states or marketing area easily. 2022 lower price & earnings estimates takes into account a nationwide slump in re-fi's & higher interest rates. Excellent reputation in Tampa area; only mortgage office within many miles. A mortgage license or background in this industry is preferred. Buyer please provide a Financial & Business Bio.

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Property Features and Assets:

East Tampa. 2 employees work remotely from another state. Owners work in office and remotely from another state at times too. Assets = $63,172

Market Competition and Expansion:

Lots of potential for growth either in FL or go national.

Reason for Selling:

Getting retirement age. Been doing it 30 years.

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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