Industry: Service Businesses
Listing ID: 6102022
This Business is in LOI and not available to new Buyers.
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
Reason For Sale:
Training & Support:
Owner Hours Per Week: 10
Absentee Owner?: Yes