Reverse Mortgage

Not Disclosed, FL
Pinellas County


Asking Price: Annual Revenue:
$650,000 $745,623

Services: Financial, Accounting, Insurance


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RE: Reverse Mortgage Broker: Lonnie Veasley

Quick Facts

Asking Price: $650,000
Annual Revenue: $745,623
Net Profit: Not Disclosed
Cash Flow: $266,407
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: 11
BBN Listing #: 50944955
Broker Reference #: 1001-16402

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Business Overview:

Excellent Reverse Mortgage Brokerage Firm, producing excellent numbers, located in West Central Florida. Impeccable books and records. Well established company with over fifteen years of repeat clients and referrals. This could go conventional with 20% down from a strong buyer as SBA doesn't lend in the mortgage space.

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Property Features and Assets:

Office building. Assets = $10,000.

Market Competition and Expansion:

Not much competition at all. Huge potential for growth. Owner is getting burned out after years in business and age. Florida is a great place for reverse mortgage with the amount of retired people living here.

Reason for Selling:

Retirement.

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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