Home Appraisal Company Covering PA and NJ

Price: $1,125,000

Location: Pennsylvania

Industry: Service Businesses

Listing ID: 6102022

This Business is SOLD.

Well-established, Almost Absentee - Residential Home Appraisal Company in business for over 30 years servicing areas in Pennsylvania and New Jersey with a staff of local appraisers. Company is fully insured, PA and NJ certified and HVCC/Dodd Frank/USPAP/FNMA Compliant. They appraise residential homes only with experience in Residential Conventional, REO, USDA, 203K, FHA, High Dollar homes and New Construction properties.

There are six appraisers working for the company and 2 administrative staff. All work remotely.

Clients are mostly repeat customers through word of mouth, vendors referrals and appraisal management companies.

This is a turn-key business! Owner puts in 10 hours a week to run the company and is looking to retire but willing to stay on as a consultant after the sale, if needed.

Gross Revenue: $1,346,000

Cash Flow: $373,500

EBITDA: $373,500

Reason for Sale:

Retirement

Training & Support:

Will provide

Owner Hours Per Week: 10

Employees: 8

Absentee Owner: Yes

Relocatable: Yes

Facilities Information:

Remotely