For Sale:
Rare Opportunity: Real Estate Directory Website
Asking Price: $2,950,000
Description
The real estate industry is an expansive market place with more than 400,000 real estate agents throughout the United States. Though the real estate market has softened over the past year, it is even more important for agents and brokers to advertise as their business becomes more competitive with fewer buyers in the market. This website offers a place for realtors to advertise their services according to their location for an annual membership fee per city and acts as a resource that connects home buyers with local realtors. In 2007, the site generated net profit of $776,443 and if 2008 continues on current course, it is slated to reach over $1 million in Net Profit! This directory website was founded in late 2005 as a resource that connects home buyers with local Realtors. Customers searching for a Realtor access the Company's web site directory through Google, AOL and other top search engines. Realtors pay a recurring annual membership fee per advertisement (listing), per city listed to be included in this directory. All membership fees are prepaid by credit card or e-check and renew automatically each year. Memberships are solicited through a team of outbound phone sales people. All business is conducted over the phone and online. The Company has entered into contracts for approximately 2,200+ memberships, each paying a membership fee per year. As an incentive to join, the Company offers customers a reduced membership fee for the first year. All memberships renew at a standard rate per membership. This is an excellent internet business opportunity for the right entrepreneur.
Financial Overview
| Gross Revenue | $1,115,105 |
|---|---|
| Cash Flow | $776,443 |
| Archive Date | 08-22-2008 |
| Status | Archived |
| Year Established | 2005 |
| Employees | 8 |
| Inventory | 1 |
Other Information
| Category | |
|---|---|
| Industry | Real Estate |
| Location | USA, Washington (Thurston) |
| Home Based Business | No |
| Seller Finanacing Available | No |
| Income Sources | Access to Site/Memberships |
Growth
The real estate industry is an expansive market place with more than 400,000 real estate agents throughout the United States. Considering the current level of membership, there is significant upside sales potential. To date, the business has been run absentee and therefore many upside opportunities have not been exploited by the company. While the company's current revenue is derived only from annual memberships, the web site has been programmed to offer pay per click, pay per view, lead generation and pay per impression advertising allowing a new owner to develop multiple, lucrative revenue channels in addition to the core membership revenue stream.
Competition
Innovative process and expandable to various markets.