Growing Coastal NC Real Estate Brokerage

Business Overview:

This opportunity is perfect for a real estate agent who wants to have their own agency without having to spend years building a team. This premium branded real estate brokerage has a desirable office location with opportunity for expansion in the current office and by adding a satellite office. 

This agency continues to grow its agent count year over year. Currently, they have 18agents with room to accommodate more. They pride themselves in unparalleled agent development by offering a multitude of education and momentum programs to assist their associates in growing their business and skills for the consumers. 

The agency comes equipped with a real estate management team. By utilizing a team including transaction coordinator, agent care services coordinator, marketing manager,and accounting a new owner will inherit a fully turnkey operation. The agency does not include any property management. But a new owner could add property management. 

North Carolina continues to be one of the fastest-growing states in the US. Recently North Carolina was named #1 Top State for Business by CNBC. Combined with the population trend to move towards the coast, this agency is well positioned in a desired area of continued growth. Many of the families coming to the area have household incomes and net worth's above the national average. 

The seller is a Broker/Agent and is willing to stay on as an agent and hang their license at the agency. 

The owner is open to seller financing for a qualified buyer.

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Property Features and Assets:

The office is attractively located in a newer shopping center at a high-traffic, high-visibility intersection. The facility has ample parking up front for customers. The space can accommodate 30 agents while having a conference room, coffee lounge, kitchen, training area, and front desk area for walk-ins. Many clients enjoy coming in to have a cup of coffee in their coffee lounge. The facility comes completely equipped with all the furniture, fixtures, and equipment needed to run a turnkey operation that is compliant with requirements. The owner does not anticipate any capital expenditures needed for the next few years.

Assets = $27,000

Market Competition and Expansion:

There is strong competition in this industry. Fortunately, this company's brand and reputation help it stand above its local competition. From this strong reputation and service, it is one of the top brokerages in market share in the area. This firm is known for its ongoing education and agent support services at no charge to the agents. Combined with its higher commission splits it has retained and grown its agent count steadily over the years. This has led to continued growth in market share. A new owner should continue to grow the agent count. The current facility can accommodate 30 agents. There is also an opportunity to open a satellite office in a growing area nearby.

Reason for Selling:

Additional Details:

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