Jan 10
29
Mortgage Broker- Metro Milwaukee 7-502
Well established, highly profitable FHA/VA mortgage banker with title company. The mortgage division is one of the top bankers in Wisconsin with nearly $100 million in closed business for the year 2009. The business offers the following services:
Asking Price: $1,800,000
Annual Sales: $2,405,019
Annual Cash Flow: $876,750
- Debt Consolidation.
- 1st, 2nd Mortgages.
- Home Improvement Loans.
- Land Contract Option.
- No Money Down Purchases (VA).
- Cash Back Programs.
Sellers do not work in the day-to-day operations of writing loans or title policies – they are focused on strategy and growth opportunities. The company has focused on developing superior marketing combined with cutting-edge technology. Over the past few years, they have developed a process that generates a significantly higher response to their direct marketing than the industry average, which can be proven for a prospective buyer. The current owners are interested in other business opportunities, but would entertain a long term transition/employment arrangement for the right buyer. Owner financing may be entertained for a sufficiently well-capitalized buying group.
Property is an option for an additional $1.7 million.
For more information about this business opportunity, please contact Mark Kuether, Sunbelt Business Brokers, at 262-901-0086.
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