Business For Sale Listing 158622
Real Estate Company - Price Reduced
Status as of Jan-8-2009 at 05:59 PM: Active
Business Summary
The company operates out of two offices in the Central California s Foothills and is the leading real estate brokerage in its area, which encompasses a number of rural communities. The company handles primarily residential real estate, although it offers several commercial listings as well. The companies agents have been serving the area since 1978, and they are well known for their knowledge, experience, and professionalism in handling all the details of a successful real estate transaction. The current owners of the company have spent significant energy and resources to bring the company to its current level of success. Through the process of mergers and acquisitions, they have already accomplished a significant goal by taking over 40% of market share in just three years time, while modernizing office practices. The company operates entirely on its generated cash flow. The company has shown solid sales throughout its history. Gross Income for the year 2005 was $1,254,200, for 2006 was $958,900, and for 2007 is estimated at $1,590,000. Proprietary Income for 2007 is projected to be $402,000 (See Section 3.3 Recast Income Statement). The company has grown as new agencies were added, the latest in January 2007. A review of the company s historical Sales Volume and net cash flow results shows the average annual Net Cash flow for the five-year period from 2003 through the projected 2007 to be $417,000 (see Section 3.5). Further, the owners have identified several ideas that a new owner might consider to take company to the next level of growth (these will be shared with the buyer as is appropriate).
Facilities: The company's office space is in prime locations and secured with long-term leases.
Competition: The company is poised for tremendous growth. The current owners have invested heavily in the modernization of company offices and are continuing to pursue the implementation of high-tech selling methods and business processes that will offer extraordinary
Categories
Industry
Location
Financials
| Sales: |
Not Disclosed |
| Profits: |
Between $100 Thousand and $500 Thousand |
| Profit Type: |
Earnings Before Interest, Taxes & Depreciation (EBITDA) |
| Asking Price: |
Between $500 Thousand and $1 Million ($695,000) |
