Mortgage Brokerage

Location: Canada -> British Columbia -> Kelowna
Industry: Real Estate > Mortgage Brokers

Founded in 1991, this residential and commercial mortgage brokerage shows steady growth and profits. Current owners have developed a specialized and extremely effective Customer Relations Management (CRM) program which has become the cornerstone of the business for the past 5 years. The CRM keeps company in continual touch with clients and results in the generation of leads and referrals. 75% of business is from repeat clients or client referrals. This is an all season business that is located in a high traffic area in the heart of Kelowna with excellent visibility within a major shopping mall centre. New owners will be walking into a stable, well organized business with strong brand recognition, excellent marketing systems and growth potential. Company also enjoys a franchise (no fees or royalties) relationship with the largest pool of residential mortgage money in Canada and has unlimited access to the leading financial institutions in Canada. The current owner typically has 1 to 2 commissioned Brokers working for him. There is a significant opportunity for growth through hiring additional Brokers. Email or contact Bob Dryden at 1.877.538.5478x.212, for more information on this Mortgage Brokerage for sale.

Financials

Asking Price Range: $250K – $500K
Gross Revenues: $355,000
Cash Flow: $104,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $30,000
Seller Financing: Yes

About The Business

Year Established: 1991
Number of Employees: 1 – 3
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease

About The Sale

Management Training and Support: Available.
Reason For Selling: Retirement.