Master the art of buying and selling businesses as a broker or owner!

Oakland County, MI
Process Server
Asking Price:$52,500
Gross Revenue:$100,000
Cash Flow:$75,000
Established Year:2000
BUSINESS DESCRIPTION

Your role is to help business owners sell their business or acquire businesses. As a business broker, you will have a window into the wonderful world of small business ownership and transactions like no other profession can provide. This brokerage is being offered at the same price as a new brokerage, yet it provides momentum as an active brokerage that a startup brokerage does not. This includes a database of business owners, an established Google profile with great reviews, a seasoned website that has been active for almost five years for better searchability and SEO, activity that will make it easier to get new listings, established name and credibility in the area.

For the transition, the current owner will offer 10% of the commission on any listings that are active as of the closing date. This means you will allow the current owner to handle those listings and use them to train you - so you can earn while you learn!

This is not a consistent cash flow business. The revenue and cash flow are representative and it is possible for an owner to do better or worse. The ideal candidate should have financial staying power in the form of savings or another income source. Qualified buyers should have $75,000 in available funds to invest, to ensure a runway on top of the $52,500 investment. Expect expenses to run between $1500 and $2000 per month depending on marketing. Low-cost effective marketing channels include networking groups like BNI, email drip campaigns, LinkedIn marketing, direct mail, and networking with CPAs or other professionals. This will not work for someone who has a full time job.

On the flip side, this is the type of business that can have an expedient return on the relatively low investment and low operating costs. It provides significant schedule flexibility and low need for evening or weekend work.

Interested licensed REALTORs are encouraged to apply. A license is not required, but highly beneficial. The current owner is a licensed Michigan real estate broker and can assist a new owner who is interested in getting licensed.

To learn more about the potential and many other significant benefits, please fill out the contact form. If you are interested in business brokering without owning a brokerage,, i.e. becoming an agent of the office, fill out the form and we can discuss it.

Buyer and Seller to split closing costs and $5000 franchise transfer fees 50-50.

From the Owner: I will provide a transparent view of business brokering since overhyping serves no-one. This is a great field to be in, but only for those at a certain stage in their career. I am interested in your success for you, me, and the franchisor who are very supportive and respected by franchise owners. Therefore, I am offering this business at a fair price with a structure that helps ensure a smooth transition for the new owner.


DETAILED INFORMATION
Location
Oakland County, MI
Inventory
Not Included in asking price
Facilities
The business currently uses a virtual office to receive mail at $65 / month, with meeting space available for a fee as needed. In the four years of operation, the owner never rented office space since all owners prefer to meet at their place of business or a coffee shop / restaurant. This business is perfect for working from home, even if the new owner decides to grow the office with agents.
Competition
There are other business brokers in the area. However, competition is relatively low compared to residential or commercial real estate. This means getting listings is easily achievable for most new owners. Yet in this case, since the brokerage is active with active listings, there is established momentum for a new owner to get new listings.
Growth & Expansion
The current owner has run this business part-time from the start. COVID caused the owner to pivot to other activities and remain part-time throughout the inception. A new owner can call the shots and work part-time or full-time. The new owner can also recruit agents to build the office.
Support & Training
The Franchisor provides training with a 1-week boot camp and also provides monthly owner group calls, and a 2nd monthly call for owners and agents, annual conferences and other meetings. The current owner can provide training on top of the training provide by the Franchisor. This includes processes and contacts specific to operating in Michigan, and hands on training.
Reason for Selling
Running the business from another state.
Home-Based
This business is Home-Based
Report an Issue with this listing
Ken Lee