Services - Miscellaneous Repair | Construction - Special Trades

Asking Price	$1,030,000	Inventory	$66,450*
Gross Income	$730,478	Real Estate
Cash Flow	$276,506	Year Established	1982
FF&E	$43,550*	Employees	6 ft, 8 pt

* included in the asking price

** not included in the asking price

Great business for sale

This 25 year-old business offers a full range of fire, water, and smoke damage restoration. They have an excellent reputation for quality work and friendly service. The business offers a start to finish service, and all projects are different making the work exciting and fast-paced. The revenues are primarily from insurance companies, which is dependable. You'll find enjoyment in helping people get their lives back together. BizAdvocates will assist a qualified buyer with Third Party SBA financing including a line of (credit) working capital with 15-20% as a down payment. Unsecured seller financing is not encouraged except as part of a formalized Structured Sale that meets current IRS guidelines and/or, as may be required by a SBA lender. A non-disclosure agreement and other financial qualification must be received prior to the disclosure of the business location or other pertinent information about this business.

Facilities: A new, well-lit, comfortable facility includes an area for maintaining and storing content cleaning equipment and supplies. Real property is not included in the sale, however, the current owners are willing to negotiate an acceptable lease based on the expense guidelines of the third party appraisal.

Competition: The company currently performs about 3/4ths the volume of restoration work in their county. Two other companies offer restoration services, but neither are as well equipped or trained. The owners have a good working relationship with the other businesses.

Growth/Expansion: Marketing the business by offering seminars to insurance agents, insurance adjusters and real estate agents, that educate them on fire and water restoration. Increasing visits to insurance adjusters and agents from once a year to at minimum quarterly may greatly increase the volume of work. Possibilities for diversification of the business include: Crawl Space Containment and Refurbishing, Mold Remediation, Carpet Upholstery and Tile Cleaning, and Air Duct Cleaning.

Support/Training: The owners will provide four (4) weeks of training for the new entering party. In addition, the owners will be available for consulting advice during a transition period.

Reason Selling: Semi-retirement, Owners seek new venture.