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Listed by:

Listen Associates Business Brokers

Established Residential Mortgage Brokerage For Sale

Bergen County, New Jersey, US
Asking Price:
$1,395,000 (USD) Furniture / Fixtures included
Sales Revenue:
$811,000 (USD)
Cash Flow:
$348,000 (USD)

Business Description:
Well established mortgage broker poised for growth.

They have an Excellent reputation with wholesale lenders, borrowers, and professional referral sources.

Their borrowers are busy professionals, Foreign Nationals, investors, first time homebuyers, divorcees, self-employed, investors, executives, and employees.

They manage the mortgage process for them and allow them to go about their daily living responsibilities without worry or stress.

Their Quality service distinguishes them from the competition and is the foundation of their growth.


Historical Summary:
For over 28 years, they have been helping Borrowers find the best structured loan for their situation.

They are deal makers and Mortgage financing experts, that hold their borrowers hand, from beginning to end, until closing.

All calls are returned, and all emails are answered Immediately.

They have only 5 star Zillow ratings in the hundreds.

Property Information

Real Estate:

Lease

Lease Terms:

Option: YES
Lease Security: 2730
Monthly Rent: $ 1,365
Square Footage: 675
Type of Location: Office Building

Location:

OFFICES IN A COMMERCIAL BUILDING IN BERGEN COUNTY, NJ.

Business Operation

Expansion Potential:

The Skies the limit.

They have every residential product you need to compete.

They leverage the technology of their wholesale lenders and can compete with anyone in terms of quick pre approvals, quick underwriting, and quick closings.

Competition / Market:

They have been in business for over 28 years.

The mortgage space has competition, as always, but there are now historically less mortgage broker licenses issued in NY which means more opportunity for the right person/owner in New York State plus the great states of New Jersey and Florida.

Reasons for selling:

RETIREMENT

Trading hours:

Days & Hours of Operation: M-F 9-5
Owner Hours: 35

Employees:
3
Years established:
1989

Other Information

Support & training:

COMPLETE TRAINING AND SUPPORT INCLUDED IN SALE

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

50% down and 50% seller financing.

Furniture / Fixtures value:
$3,000 (USD) - included in the asking price
Related Documents:

Contact Information

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