Real Estate Appraisal Company #86202128

This business is a real estate appraisal company with nearly 30 years of operating history in a booming area in Texas. This business prides themselves on their superior service and their competitive turnaround times which has helped generate a high % of repeat business since the firm’s inception. This firm generates revenue from single family residential (90%) and a mix of other services including duplex, for 2055 limited appraisals, and relocation appraisals. This firm can provide appraisals for the following: increasing their customers home equity line of credit, employee relocations, listing price, expert witness testimonies, FMV on homes involved in bankruptcy, etc. Location: Texas Year Established: 1993 Number of Employees: 6 Real Estate: Leased Building Sq. Ft.: 1,600 Rent: $3,500.00 Per Month Facilities: This business operates out of a 1,600 SF facility. This locations has five offices, a conference room, and two reception areas. This business is in a great location that is on a major highway with easy access to all appraisals performed. Market Outlook/ Competition: • Increasing operational efficiencies - This business can achieve an economy of sale model due to the limited opex nature of the business. Ownership notes that there are strategic ways to reduce opex while also increasing top line revenue. • No out bound sales efforts—This business current is spending $0 on marketing and advertising and is not participating in any outbound sales calls. Ownership notes that business is coming to them at a rapid pace from local firms looking for appraisals. • Great geographic area-This business is in a booming area of Texas with rapid construction and a large amount of employers moving to the area. This translates to a rapid increase in their workload and a great healthy backlog of appraisals. • Diversified Customer Base - This company has a very diversified customer base with business coming from a variety of different local firms and other individuals looking for their services. This firm prides themselves on their superior service and rapid response times which is a great appeal for local R/E firms. Growth & Expansion: * Significant growth potential in a growing a area of Texas * Diversifying revenue streams by adding new service categories