List Price: $165,000
Fully licensed employees with this title & escrow business work with the top realtors and lenders in Douglas and Sarpy County. After being established in 2002, this business has grown to bring in almost $500,000 in sales. The four employees possess all of the required licenses and certifications to run this business, so a buyer is not required to have them. There are two employees that handle escrow accounts and 2 employees who handle title accounts. Regular office hours are 8 – 5, and the current owner only works about 20 hours per week.
This title & escrow company is housed in a 1,446 sq. ft. office space which it rents for $2,119/month. Closings are held at the office or at a rented conference room at a premier realtor which provides an exceptional atmosphere. This is rented for $1,500/month. A cost that is covered by one closing. A buyer could expand this business by working to expanding to serve surrounding counties and by establishing connections with Realtors and Lenders in the market.
Assets Included in Purchase: $12,000
Equipment: Server, 9 Computers, 4 Printers, 1 Scanner, Office Chairs, Desks, Cabinets, and a Phone System
Intangible Assets:Well Trained, Service Oriented, and Licensed Staff, New Owner does not need to be licensed
*amounts may vary
Location: Omaha, Nebraska
Service Area:Numerous Realtors, Banks, and Brokers in Douglas and Sarpy County
Leases:$2,199.13/Month for 1,446 sq. ft.; Base Rent: $11.75/sq. ft. plus % of Operating Expenses
Conference Room for Closings: $1,500/Month
Reason for Selling:Retirement
Employees: 4: 2 Escrow Closers handle closing documents and procedures; Licensed Title Department Manager handles all title related business; Abstractor/Searcher searches properties and types title documents
Hours: Monday – Friday: 8AM – 5PM
Seller Training Period: 90 Days
Growth Opportunities: Establish Connections in Realtor/Lender Market, Further Expand Service Area to include more of Cass, Washington, and Saunders County
Current Owner’s Responsibilities: Oversee Operations, Pay Bills and Handle Bank Accounts, Process Claims, Address Issues with Underwriters and Customers, Works Approximately 20 Hours per Week
For a detailed financial package, please contact Cortney Sells or one of The Firm Business Brokerage’s professionals at 402.998.5288 or email Confidential@TheFirmB2B.com.