 |
Mortgage Service For Sale - Pocatello, Idaho, ID - Bannock County |
|
This listing apparently has been taken Off The Market, however see all our newest business for sale listings in the state of Idaho recently put on
the market for sale by business owners, business brokers, and agents. Selling a business? Review our list of professional Business Brokers &
Agents throughout Idaho that can assist you. Financing is important in most deals - read about SBA Loan Financing for business purchases, and
review our Idaho Resources for services to assist you with selling and buying a business. This resource section also includes an assortment of new
franchises and business opportunities for sale. Would you like to see new listings when they first come on the market? Sign up for our customizable
Daily Email Alert Report now - and see the best listings first!
|
|
 |
| PROFILE: Full Service Mortgage Company Operating In 5 States, Based In Idaho. |
| Status: |
Off The Market |
|
| State: |
Idaho |
|
| Location: |
Southeast Idaho |
|
| County: |
Bannock |
|
| City: |
Pocatello |
|
| Primary Category: |
Service Related |
|
| Alternate Category: |
None Given |
|
|
|
|
| Asking Price: |
$552,000 |
|
| Down Payment: |
$250,000 |
|
| Annual Revenue: |
$265,000 |
|
| Annual Adjusted Net: |
$80,000 |
|
| |
|
|
| Price Range: |
$500,001-$1 Million |
|
|
|
| Franchise: |
No |
|
| Relocatable: |
Yes |
|
| Home Based: |
No |
|
| Lifestyle: |
No |
|
| Real Estate Included: |
No |
|
| Bkr To Bkr Cooperation: |
|
|
|
DESCRIPTION: Full Service Mortgage Broker Company That Has Been In Business Since 1995. Fha, Va, Conventional, Sub-Prime And Construction Loans. Doing Business In 5 States. Corporate Office Is In Malad City, Idaho. We Have Excellent People On Board Who Can Continue To Run The Business. The Current Owner Will Stay On For Up To A Year To Help The New Owner Make The Transition And To Make Sure The Current Book Of Business Continues To Be Generated For The New Owner. Current Owner Will Also Stay On As The Broker Of Record Until Such Time As The New Owner Can Gain That License Or Until Such Time As Another Member Of The Team Can Fulfill That Need For The Company.
The Business Generates Broker Income Over $260K Annually And Is Making Progress At Growing That Number Each Year. A 'silent' Owner Could Earn Around $50K Per Year Without Running The Day To Day Affairs Of The Business, Or Substantially More If He/She Desires To Be Involved In Loan Origination.
We Are A Very Solid Company With Long Standing Relationships With Our Wholesale Lending Partners And A Strong Client Base, As Well As Very Strong Realtor Relationships That Help Us Generate Our Business.
Idaho Is A Very Strong Market In That It Continues To Grow As The Push Comes From The West And South Of Us. It Should Remain Strong For Many Years To Come. Our Primary Markets Are Idaho, Utah And Of Late, Wyoming. We Also Are Licensed And Do Business In Florida And Tennessee. Utah And Idaho Are Our Main Stays For Business And Both Markets Are Emerging Housing Markets And Will Continue To Grow Over The Next 20 Years Minimum, Based On All Forecasts.
I'm Looking For Someone Who Will Come In And Put A Substantial Amount Down Or Cash Me Out Of The Business Entirely. The New Owner Could Move Here And Live Here, Or Could Operate The Business From A Remote Location Since We Already Have The Right People On Board Here To Handle The Day To Day Operations And Loan Originations.
Call Me, Scott Larsen, For Details About The Company. I Have Been In The Business For A Little Over 15 Years Now, 11 Of Which Have Been As The Owner/President Of This Company. I'm Looking To Move On To Pursue Some Other Interests That I've Had For A Long Time In Another Field. |
|
Sign Up Now For New Listings BY RSS Feeds |
|
New All IDAHO Businesses For Sale RSS Feeds |
|
 |
|
|
