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Profitable Mortgage Company- Absentee Owned
List ID: 7-493
This Milwaukee-based business has maintained a healthy profit in the midst of an unpredictable credit and housing climate.

This established mortgage company provides FHA and standard loan origination to homeowners throughout the Wisconsin market. This company has an excellent proprietary process and offers flexible programs, as well as fast and easy processing to first time buyers or refinances.

This company has maintained an edge in the current financial atmosphere by distinguishing itself from competitors.
  • Quicker than average closing time frame.
  • Excellent marketing presence.
  • Flexible programs.
  • Turn-key operating procedures.
  • Knowledgeable and experienced loan officers.
The current owner is absentee. A new owner can step into this role with an experienced staff. In addition, the general manager is willing to stay on, allowing a new owner to maintain an absentee ownership.

For more information please contact Ken Demske, Sunbelt Business Brokers, at 262-901-0086.

Competition:
Banks and credit unions in Wisconsin are main competition. This company utilizes an efficient process and strong marketing presence to attract customers.

Support/Training:
Seller training is available to a new owner. Length and terms TBD.

Financing:
Seller financing is available. Seller is willing to carry substantial paper to qualified buyer.
Industry: Service
Industry Segment: Service
Geography: Midwest > Wisconsin
Asking Price: $687,500
Gross Revenue: $1,048,287
Annual SDE: $335,138
Real Estate For Sale: No
Seller Financing: Yes
Year Established: 1998
Franchise: No
Number of Employees FT/PT: FT: (6) PT: (16)
Reason for Selling: Retirement.

  

  


Minneapolis, MN (612) 455-0880  -  Saint Paul, MN (651) 484-2677  - Milwaukee, WI (262) 901-0086  - Chicago, IL (773) 243-1603

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Sunbelt does not represent or warrant information on this website nor does it necessarily endorse contributors, linked sites or other 3rd party information. Due to the complex nature of buying and selling businesses, Sunbelt recommends all parties seek appropriate professional, legal and accounting advice

 

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