Established Title and Closing Services Company
Recently Sold
Financials
Asking Price of business :$1,400,000Included In Asking Price :Furniture, Fixtures & Equipment: $75,000
Annual Sales :$1,600,000 Cash Flow :$600,000
Summary Description
Consistently recognized as a top 10 title services company in New Hampshire, this firm has a dominant market position in an attractive real estate market. Specializing in a full complement of residential and commercial title and closing services, the company’s offerings include title examination, document preparation, loan closing, funds disbursement, title insurance preparation, document recording, and 1031 exchanges.
General Information
Year Established :2002Employees :7 FT
Facilities :The sellers currently own the real estate where the company operates. The real estate is not available for sale, but a negotiated lease agreement is available. No specialized fixtures are required to operate the business, making it a candidate to relocate to an alternative suitable property.
Business Location :New Hampshire
Market Outlook
Competition & Market :
The company has performed profitably in both bull and bear real estate markets due to its utility for both property sales and foreclosures. Competition is limited to small law firms and out-of-market regional title companies. New Hampshire does not require title companies to be owned by attorneys.
Growth & Expansion :
Additional geographic market opportunities exist for both growth and expansion. The company holds a dominant position in its primary market and has an established presence in a neighboring market that may be ready for growth via a satellite office. Expansion opportunities within geographic proximity to the company’s existing footprint include the rest of New Hampshire and neighboring states.
About the Sale
Financing :Anticipated Seller & Bank Financing TBD. Working Capital needed $100,000.
Support/Training : Sellers will provide transition training for a new owner.Reason for Sale : Retirement
Contact Information
Mike McCann
Maine Business Brokers
Phone: (207)775-1957
Email: .(JavaScript must be enabled to view this email address)
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