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Business for Sale Summary

Profitable Title Company for sale in MD - 34550

Business Type: misc. service/non-classifiable,other business services,other personal services,professional services,legal services
Profitable Title Company for sale in MD
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Financial Information (non-confidential)

General Information
Asking Price $8,000,000 Down Payment $8,000,000
Gross Revenues $6,170,000 Lease Remaining Register Free to View
Owner’s Cash Flow $1,790,000 Number of FT Employees Register Free to View

Financing

$8,000,000 Down and

Business Description

MD based title company has been in business 29 years with average of over 150 closings a month. Licensed in 30 states with attorneys in place in 9 of the attorney required states. 90% paperless with revenue splits at 75% residential and 25% commercial, they receive referrals from attorneys, CPA's, developers and banks - 411 different referral sources. Referral relationships have been delegated to managers to maintain in order to create a seamless transition to new owner. In-house marketing team in place. Seller will consider staying on for some time with the right offer. Company has 4 divisions: Special Projects; Retail; Commercial and REO. 32 FT employees with 15 trained managers and 2 PT processors. Once moratorium is lifted there are 1000 pending REO files that convert at 15-18% per month with extra revenue. The 4 divisions create balance in revenue that mitigate the lows other title companies may experience. Rent is currently 8k/month. Seller owns the building under a separate entity so the lease terms are negotiable. Lots of potential with this title company powerhouse with verifiable numbers for SBA financing - bring your best offers - it wont last long!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.