655 Buyers Online Now
Buy Business Sell Business Business Brokers My Account
Photos Website Map
Asking Price$1,395,000
Revenue$811,000 Established1989
Cash Flow$348,000 Employees3 full-time
FF&E$3,000* FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Business Description:
Well established mortgage broker poised for growth.

They have an Excellent reputation with wholesale lenders, borrowers, and professional referral sources.

Their borrowers are busy professionals, Foreign Nationals, investors, first time homebuyers, divorcees, self-employed, investors, executives, and employees.

They  manage the mortgage process for them and allow them to go about their daily living responsibilities without worry or stress.  

Their Quality service distinguishes them from the competition and is the foundation of their growth.




Historical Summary:
For over 28 years, they have been helping Borrowers find the best structured loan for their situation.

They are deal makers and Mortgage financing experts, that hold their borrowers hand, from beginning to end, until closing.  

All calls are returned, and all emails are answered Immediately.

They have only 5 star Zillow ratings in the hundreds.
Facilities:Option: YES Lease Security: 2730 Monthly Rent: $ 1,365 Square Footage: 675 Type of Location: Office Building Facilities: OFFICES IN A COMMERCIAL BUILDING IN BERGEN COUNTY, NJ.
Competition:They have been in business for over 28 years. The mortgage space has competition, as always, but there are now historically less mortgage broker licenses issued in NY which means more opportunity for the right person/owner in New York State plus the great states of New Jersey and Florida.
Growth Potential:The Skies the limit. They have every residential product you need to compete. They leverage the technology of their wholesale lenders and can compete with anyone in terms of quick pre approvals, quick underwriting, and quick closings.
Training/Support:COMPLETE TRAINING AND SUPPORT INCLUDED IN SALE
Seller Financing:50% down and 50% seller financing.
Sale Reason:RETIREMENT
Ad #103912
Seller Reference #CNJ2070625
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service before responding to any ad on our website.
Contact This Seller
MEL LISITEN
LISITEN ASSOCIATES
212 661-4160
Name
Email Address
Message