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Premier Title Insurance Company for sale in Orange County, New York
Premier Title Insurance Company
Orange County |
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This title insurance company is well-known and respected for providing outstanding customer service and quality title insurance for the residential and commercial industry. Its client relationships, industry expertise and professional service have made it one of the most reliable title insurance companies in New York State, and established it as one of the most innovative, rapidly growing title insurance agencies in the industry. The Company has a loyal repeat customer base that includes over forty attorneys. The Company currently has over 30 closings each month, many of which are high-end commercial transaction resulting in a significantly higher fee structure since commissions are based on purchase price and mortgage amount. The Company also does much of its business in New York City which includes numerous multi-million dollar commercial and residential transactions. The Company's sales revenues and net profit have increased rapidly. In the past two years, revenues have grown at a 55.23% compound annual growth rate and re-stated profit at a 162.79% compound annual growth rate. The remarkable increase in revenues and profits is the result of accelerating growth in Orange County, the fastest growing county in New York State, as well as an aggressive marketing and sales effort in New York City s burgeoning real estate market. This would be an outstanding opportunity for an individual or banking institution that wishes to add title insurance to its menu of services.
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Listing Number: 106
[Broker Not Avail] - Listing Broker
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Telephone -
E-mail -
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| Category |
SERVICE BUSINESSES |
| Sub-Category |
Agents & Brokers |
| Asking Price |
$1,400,000 |
| Gross Sales |
$564,374 |
| Cash Flow |
$351,841 |
| FFE |
$100,000 |
| Inventory |
$0 (Inventory NOT Included) |
| Real Estate |
$0 (Real Estate NOT Included) |
| Employees |
9 - Full-Time
0 - Part-Time |
| Facilities |
Main office is in a three-story building in excellent location.Seller owns the building and will rent to the purchaser of the Company at a reasonable $2500 per month.
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| Relocatable? |
(Is Not Relocatable) |
| Home Based? |
(Is Not Home Based) |
| Market Notes |
Although there are other title companies in the area, the Company's expertise in title insurance, banking and real estate law uniquely qualifies them to offer their clients the most efficient and knowledgeable services thereby providing a distinct competitive advantage.
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| Growth Notes |
Acquisition by an individual or institution with the appropriate motivation and resources, leveraging the Company's outstanding product and service offerings, customer base and industry reputation, would enable the Company to immediately and dramatically accelerate its current growth and projections
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| Support Training |
The experienced Management and staff would like to remain with the Company to participate in its continued growth and future success. The current owner has agreed to stay on long enough to assist in a smooth transition of ownership.
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| Year Established |
1984 |
| Financing Terms |
Prefer all cash but would consider financing for qualified buyer. |
| Reason for Selling |
Seller is planning to retire and relocate. |
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