Open to partnership-Leading NY Res. MTG BROKER

Not Disclosed, NY
New York County

Asking Price: Annual Revenue:
$850,000 $1,683,415

Services: Financial, Accounting, Insurance

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RE: Open to partnership-Leading NY Res. MTG BROKER Broker: Carey Davis
Owner Financing is Available!

Quick Facts

Asking Price: $850,000
Annual Revenue: $1,683,415
Net Profit: Not Disclosed
Cash Flow: $350,415
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 11
BBN Listing #: 790035879
Broker Reference #: 6842-44641

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Business Overview:

Consistently recognized as a top mortgage broker nationally. Strong network of referral partners generate business from the city to the east end. Licensed with offices in Long Island, the Hamptons and Florida, too. Loan officers located throughout LI, Westchester, Queens and Palm Beach.

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Property Features and Assets:

The owner DOES NOT want to retire. Seller is open to discussion a new parternship arrangement. Owner wants to increase business while transitioning day to day work to a new owner. Seller stays, same telephone number for 25 years stays as does the name and the highly respected team.

Market Competition and Expansion:

The value of this mortgage broker is highlighted by the wholesale relationship with four dozen mortgage lenders! Just one example of a perfect buyer would be an out of NY mortgage bank which would get immediate state licensing, name recognition, in-place referral network and a team of seasoned pros ready from day one! Remember, the owner/seller wants to stay on. Current LOS database has over 10,000 loan records. Jumbo loans constitute significant % of business. A buyer bringing technical savvy with digital marketing and implementing online applications, electronic signatures and implementing SEO in various directions would bring ROI.

Reason for Selling:

new business

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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