Ad ID: 1507222
Type: Established business
Category: Services – Other Business Services
Category: Services – Legal Services
Cash Flow: $439,035
This locally owned and operated title company has successfully served its Northern Nevada community for over 20 years. It’s an impressive business, with an excellent reputation in the industry. They’ve received multiple awards, including top agent for their title insurance company, and a successful family-owned business award from a prestigious business magazine. They are staffed with an experienced, dedicated team of title and escrow personnel who can walk clients though the most complex of purchases. They service every kind of real estate need, including residential and commercial property purchases, title insurance, construction loans, mortgage refinancing, title searches, escrow services, property profiles, re-sales, and more. All escrow officers are certified by the Nevada Escrow Association. Underwriting is provided by a nationally trusted and leading title insurance company. Established relationships with local realtors, lenders, and the Economic Development Association provide steady leads, as does extensive word-of-mouth advertising. They enjoy excellent reviews on social media and maintain a solid repeat business. Northern Nevada is currently undergoing unprecedented growth, and marketing to the influx of new residents and businesses will expand the customer base rapidly. This business is turnkey, with experienced, caring, and enthusiastic staff, including a manager, in place. Excellent location, rent, and lease deal. This is a great opportunity for someone to take over a thriving escrow and title company in a vibrant and growing community.
Year Established: 1996
Facilities: 3500 sf. in a beautifully appointed office. Excellent lease. Easy access and ample parking.
Competition: This is an award-winning company with a long-standing reputation for excellent service. Knowledgeable staff stays current with changing title and escrow needs while accommodating changing real estate and banking rules, and keeps abreast of technology in filing and recording documents. Niche location with limited competition. They have a loyal customer base and the capacity to accommodate increased business from the area’s growth.
Growth and Expansion: Construction of subdivisions, shopping centers, and office buildings is dominating the landscape around this community. As this is the only title company in the immediate area, they will receive the lion�s share, if not all, of the title and escrow business needed by these entities.
About the Sale
Financing: $370,000 down, 6% interest, $9,203 per mo., incl. Principal and Interest for 84 mos
Support/Training: Negotiable. Seller is committed to Buyer’s success.
Reason Selling: Retirement