Podknife - Do Title Insurance Companies Make Bank?! with Industry Expert Mark Fleming Jr. - Acquisitions Anonymous Episode 81 by Acquisitions Anonymous - #1 for business buying, selling and operating

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Do Title Insurance Companies Make Bank?! with Industry Expert Mark Fleming Jr. - Acquisitions Anonymous Episode 81

Podcast |: Acquisitions Anonymous - #1 for business buying, selling and operating
Publisher |: Bill D'Alessandro, Mills Snell, & Michael Girdley
Media Type |: audio
Podknife tags |: Business,; Entrepreneurship,; Interview,; Investing,; Mergers & Acquisitions,; Personal Journals
Categories Via RSS |: Business,; Entrepreneurship,; Investing
Publication Date |: Mar 29, 2022
Episode Duration |: 00:36:34

Bill D’Alessandro (@BillDA) and Mills Snell (@thegeneralmills) are joined by Mark Fleming Jr. (@MarkFlemingJr) to discuss 2 Title insurance companies for sale. We talk about the notary business, margins, risk & risk ownership, software investment impact, revenue sources, insurance premiums, and more.

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Thanks to our sponsors!

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* Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.* Do you enjoy our content? Rate our show!* Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.

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Show Notes:

(0:00) Intro(1:49) 1st Deal: Maryland Based Title Company(3:58) What stands out from the notary's point of view?(5:52) Is the owner currently receiving a salary? How would that impact margins?(7:05) What is a Title company?(8:42) Is the reported revenue insurance premium income? How does that work?(10:52) Who carries the risk for the insurance?(11:59) What is the title search industry? When do they operate?(13:36) Who is acting as a referral source? Lenders? Attorneys?(16:58) What is the durability of the referral sources? Is there a risk to bear?(20:55) What are the barriers to entry into the business? Where can you find opportunities?(22:50) Cloudbookkeeping.com - Focus on your business instead of your books.(24:00) Deal 2: Title Insurance Business for Sale(26:23) First thoughts & valuation(28:43) Is technology relevant in this business? How does software impacts process management?(31:51) Residential vs. Commercial, what are the main differences?(33:58) What is one of the main advantages of a larger business?

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Past guests on Acquanon include Nick Huber, Brent Beshore, Aaron Rubin, Mike Botkin, Ari Ozick, Mitchell Baldridge, Xavier Helgelsen, Mike Loftus, Steve Divitkos, Dzmitry Miranovich, Morgan Tate and more.

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Additional episodes you might enjoy:

#62 Two Landscaping Businesses for Sale - Mike Loftus, CEO of Connor's Landscaping

#66 Analyzing Software Businesses for Sale with Steve Divitkos, an experienced industry CEO

#42 $900k Moving and Storage Company / $500k Rural Mini-Storage

Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.
Do you enjoy our content? Rate our show!
Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.

For inquiries or suggestions, email us at contact@acquanon.com

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