Real Estate Appraisal Company For Sale

Business description

This appraisal company recognizes that performance is measured through quality and customer service. The business employs Certified Residential Appraisers with over fifteen years of experience. The mission is to provide timely, thorough, and professional Real Estate Appraisals for its valued clientele. The business services single-family homes, condominium units, and two to four unit small income properties. Geographical areas covered are the counties of Los Angeles, Orange, East Ventura, and Northern San Diego as well as the Inland Empire. The real estate market has been in a slump for the past couple of years; nonetheless, this company has been able to maintain, although revenues are down roughly 30-35% from the peak of 2005. This business offers an excellent opportunity to purchase a book of business while the market is in a downtrend. It has an excellent reputation in the market and offers an enterprising buyer the opportunity to expand at a very reasonable price.

Property information

Real Estate:

Lease

Location:

The office is located in a strip mall where the seller currently leases 1200 sq. ft. at a gross rent of $2,096 per month; however, part of this space is sub leased resulting in a net of $500 that the seller pays in rent per month. The current lease expires in September. This office complex the business is currently located may be demolished and rebuilt by the landlord. While this is not a certainty, it is a possibility.

Other information

Expansion potential:

The strength of the business is its superior service, strong organizational structure, and turn-around time. While the real estate market has been in slump for the past 2 years, the business has been able to stabilize sales this year relative to 2007. Many appraisers have either gone out of the business or closed shop. The company has been able to survive and will be in excellent position to grow when the real estate market bottoms out.

Competition / Market:

The company does Appraisal work for mortgage brokers, banks, attorneys, accountants, and real estate agents. Marketing is by word of mouth, by long standing clients, and referrals. The company has also done numerous appraisals for high-end clients in Los Angeles. There is also a website. The seller readily admits that a concentrated effort at marketing the business would produce positive results even in the current down market because of its excellent reputation in its field.

Support & training:

Seller will provide some training

Reasons for selling:

Seller wants to pursue other business interests

Trading hours:

8:00 am- 5:00 pm Monday - Friday with some weekend work

Furniture / Fixtures value:

$5,000

Contact the seller