Back to Listings Online Mortgage Education Membership [Priced to Sell]

Asking Price : $150,000

Annual Gross Revenue : $141,452

Annual Net Profit : $122,085

Profit Multiple : x1.23

Inventory Value: N/A

R-Index : 269

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From the Broker

***note priced to sell because of retiring owner and unique situation (female needed to be the face of the business) Sales and marketing skills are the main transferable skills needed for the new buyer.

For sale is a 13-year-old network and membership website exclusively for women in the

mortgage industry. The owners provide coaching, sales and marketing strategies, mastermind retreats, and networking with other women in the mortgage industry. This business' growth has been steady and is expected to remain so; the buyer will be able to increase growth, depending upon their desire to take advantage of growth opportunities.

The company's owners signed a contract with a large mortgage lender who has 1,600 women loan officers. The owners do not know how many of the women will become members. However, if only 75 women sign up for a membership, and stay members for one year, it is projected to bring in an additional $35,000 in income. The contract goes into effect on January 15, 2020 and is subject to approval by the large mortgage lender if ownership changes.

Perhaps the most attractive part of this business is that the buyer would enjoy quite a bit of money coming in for very little time spent working. Depending upon how involved the buyer wants to be, they could maintain current levels of income by working 20 hours or less per month-or about 5 hours per week.

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Sale Pending: No

First Seen: Tue, Jan 14th 2020

Last Updated: Fri, Mar 27th 2020

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