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Broker Contact Information |
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Absentee Owned Mortgage Company | Listing ID: 20943 |
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| Asking Price: |
$687,500 |
Status: |
Active |
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| Business Type: |
Service / Accounting, Financial
Service / Service - Others |
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| Business Location: |
Wisconsin, 53226 |
Broker Coop: |
No |
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Annual Income Information |
Labor Information |
| Gross Sales: |
$1,128,000 |
Full-Time Employee: |
6 |
| Cash Flow: |
$402,000 |
Part-Time Employee: |
16 |
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Business Detail Information |
Lease Information |
| Form of Ownership: |
Limited Liability Company (LLC) |
Leased SqFt: |
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| Year Established: |
1998 |
Rent /Month (Include NNN): |
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| Accounting Info(years): |
3 |
Lease Exp.Date: |
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| Franchise: |
No |
Original Lease (# of yrs): |
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| Liquor License: |
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Lease Left (# of yrs): |
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| Seating Available(#): |
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Lease Option (# of yrs): |
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| Parking Space(#): |
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Lease Renewable: |
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| Hours of Operation: |
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Lease Transferable: |
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| Reason For Sale: |
Relocation out of State |
Rent Increase: |
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| Seller Training Available: |
Yes (Management will stay) |
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Price Description |
Financial Information |
| Real Estate Included: |
No |
Seller Cash Out: |
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| Real Estate Value: |
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Seller Financing Available: |
Yes |
| Fixture & Equipment Included: |
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Seller Financing Amount: |
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| Fixture & Equipment Value: |
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Seller Financing Term(years): |
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| Inventory Included: |
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Annual Interest Rate: |
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| Inventory Value: |
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Min. Down Requested: |
$425,000 |
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Business Description |
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. |
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SeattleBusinessForSale.com does not support or endorse the accuracy or reliability of any information above.
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