Well Established Restoration Company For Sale

Business description

This 25 year old business offers a full range of structural and content 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 'customers' are primarily insurance companies, which produces repeat business, prompt payment of invoices, and dependable, forecasted revenue. You'll find enjoyment in helping others get their lives back together.

Property information

Lease terms:

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.

Location:

Western Montana

Other information

Expansion potential:

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.

Competition / Market:

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.

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. The owners will sign a non-compete document and intend on remaining in the area.

Reasons for selling:

Owners very motivated by pending Retirement

Financing available:

Who should inquire about this business? Those with home construction, insurance, building supply or remodeling experience who also have a management background. Extensive industry training is available at a reasonable cost in addition to the Seller’s transitional training. You should have at least $69,000.00 cash available for downpayment funds plus working capital. An additional home equity line of credit would be helpful. The Buyer will need excellent credit to qualify for an SBA loan for the majority of the purchase price. Seller financing is negotiable with an SBA loan. 10% down.

Furniture / Fixtures value:

$42,228 (included in the asking price)

Inventory / Stock value:

$1,000 (included in the asking price)

Website:

www.BizAdvocates.com

Related documents:

• NDA & Prequalification Information

• 
• Roadmap to Business Ownership