Business Overview
About the Company
**Business Description**
National Mortgage Field Services \( NMFS\.com \) has established itself as a leader in the mortgage field services industry with over 15 years of expertise\. Our website is a reliable source of information and consistently appears on the first page of Google search results for mortgage field services\. With a robust client base that includes 15 national clients and four regional companies, we receive daily inspection requests, solidifying our presence in the market\.
Our extensive network comprises more than 800 inspectors across 42 states, and this number is steadily increasing\. While NMFS has built a strong reputation, it is crucial for potential buyers to grasp the broader industry context\.
In the current market, NMFS is one of the few companies that can achieve break\-even status, but this is merely the starting point\. The real opportunity lies in our potential for substantial national growth\. A prospective buyer would need to pursue new business directly from banks and mortgage companies, as our clients are the national organizations that issue work orders\.
To fully leverage this opportunity, NMFS must diversify into Property Preservation, which represents 80% of the industry's revenue\. While we currently specialize in property inspections, expanding our services to include lock changes, lawn maintenance, and clean\-up operations is essential for maximizing growth\.
The potential for national expansion could exceed $50 million, particularly with new ownership that comprehends the intricacies of the Default Mortgage Field Services Industry\.
It is important to note that the current CEO will not be involved in this transition due to retirement\. However, my committed team of four employees will remain, and there is room for negotiating individual salaries\. Over the past 15 years, our gross sales have varied between $700K and $4M, influenced by economic factors and inspection volumes\. We are seeking $3\.2M for the business\. Presently, we compensate inspectors at $6 per inspection, a rate that is negotiable, as the national average hovers around $4 per inspection\.
