SBDG Signs MOU to Acquire Real Estate Appraisal Company
Small Business Development Group (OTC: SBDG) has signed a Memorandum of Understanding to acquire a California-based real estate appraisal company. The acquisition is the first step in creating a real estate vertical for SBDG, which aims to build a portfolio focused on industry-centric verticals. The target company generated over $600,000 in revenue in 2020 and is projected to surpass that in 2021. SBDG plans to enhance operations through capital and technology infusion, expanding into multiple states.
- Acquisition of a real estate appraisal company with 2020 revenue exceeding $600,000.
- Planned expansion into states like Nevada, Arizona, and Florida, potentially increasing market reach.
- SBDG's strategy to develop a real estate vertical aligns with its goal of establishing high-performance industry portfolios.
- Closing of the acquisition is contingent on satisfactory due diligence, which introduces uncertainty.
- Dependent on capital infusion and technology improvements to achieve projected growth.
Small Business Development Group (OTC: SBDG) Signs Memorandum of Understanding: First Step in Development of SBDG Real Estate Vertical
LADY LAKE, Florida, June 09, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Small Business Development Group, Inc. (OTC:SBDG) has signed a Memorandum of Understanding (MOU) for the acquisition of a real estate appraisal company. Closing of acquisitions is subject to satisfactory completion of due diligence. As a publicly traded holding company on OTC Markets, SBDG’s plan is to build its portfolio with industry centric verticals. This is the first step in the development of a vertical of real estate holdings for SBDG.
This acquisition target is a real estate appraisal company based in California, is well-networked, and has been growing steadily since inception, with 2020 revenue in excess of
“The ownership of this appraisal company has built a nice solid business, and has fostered fantastic relationships in the industry,” said SBDG Chief Operating Officer Brian Jue. “We are confident that with an infusion of capital, technology, experience and network, that we will together build a company and brand with national presence. It is the first step of a greater plan centered around real estate in the United States.”
Small Business Development Group, Inc. (OTC: SBDG) is a holding company publicly traded on OTC Markets. SBDG has an active mandate to identify and acquire operating companies with a preference for those in the small to medium sized enterprise arena (SMBs and SMEs) based in North America, specifically those demonstrating modest but predictable growth and profitability over time. Ideal candidates for acquisition have an enterprise value between
The Company is based in Florida and has offices in California, Illinois, Maine, New Jersey, and North Carolina.
For more information, go to www.SBDGHoldings.com
Note to Investors
This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business.
850 Teague Trail, #580, Lady Lake, FL 32159 US
Offices in California, Illinois, Maine, New Jersey, and North Carolina
1-407-385-0220
FAQ
What is the significance of SBDG's recent MOU for acquiring a real estate appraisal company?
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