Metro Boston Real Estate Agency For Sale
Suffolk County, Massachusetts
Listing ID: 1252
Financial Information
Asking: $199,000
Gross: 441,000
Cash Flow: $107,000
Summary Description
Purchase the leading residential real estate brokerage in its neighborhood. This firm specializes in apartment rentals (which have been more recession resistant than home sales) for 75% of its business. With a large number of colleges in the immediate vicinity, the annual repeat business of students is significant. This office also sells homes to an even split of investors and young professionals employed by nearby hospitals. It has little competition in its immediate neighborhood area. The firm markets its listings primarily through its own 3 proprietary websites, as well as posting to several other sites that focus on rentals and sales. Word of mouth, referrals and established relationships with landlords and college housing offices are all significant assets built from over 20 years of providing superior customer service in this community.
General Information
Facilities: The business has been on the first floor of the same building for over 10 years, with outstanding foot and vehicle traffic on a very busy street.
Growth and Expansion: This firm can expand in three different ways. First, it can take on a greater number of agents to increase the number of customers serviced and deals close. Secondly, it can expand the area and the services offered. Lastly, it could easily market itself more aggressively. While this business has used its own websites to acquire customers, it has never used Pay per Click on the popular Internet Search engines that dominate lead generation today.
Support/Training: The owner will stay on for a short transition to help retain current clients.
Reason Selling: Family and other business interests
Year Established: 1989
Employees: 5
Contact Information
Contact: Bill McCartin
Phone: 617-562-5700
BayState Business Brokers, 60 Leo Birmingham Parkway Suite 1L Boston, MA 02135
T: 617-562-5700, F: 617-562-5701
info@mabusinessbrokers.com