MergerPlace

Established California SERVPRO Franchise

Visalia, California


  • Asking Price: $225,000
  • Gross Income: $651,117
  • Cash Flow: $60,719
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $100,000
  • Listing ID: #222486
  • Established: 2010
  • Employees: 3

Business Description

SERVPRO is a leading residential and commercial restoration franchise. Since its founding in 2010, this highly-rated franchise has restored hundreds of properties and has built a strong reputation for providing top quality and efficient service.
The Company has significantly grown over the last few years. 2020 was negatively impacted by COVID-19 but the outlook remains reasonably positive considering the California wildfire season is expected to be extreme.

The company’s services include reconstruction (58%), water damage (23%), fire damage (10%), mold remediation (8%), and cleaning (1%).

Note from the seller: “The Franchise concept is built around brand names, operating systems and training and support. SERVPRO has created the brand, system and support to help people from diversified educational, vocational and financial backgrounds take control of their own future and live the American Dream. The SERVPRO Franchise opportunity allows you to take advantage of our proven track record while being in business for yourself, but not by yourself. This is the opportunity to build a business to fit your personal goals and lifestyle.”

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Business Details

Primary Business Category: Services - Other Services
Location: California
Metropolitan Area: Visalia

Company Information

Year Established: 2010
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 3

Financial Information

Asking Price: $225,000
Gross Revenue: $651,117
Cash Flow: $60,719
FF&E: $100,000
Seller Financing Available: Yes

Property Information

Facilities:

5,000 sq. ft. facility leased from a third party

Growth & expansion opportunities:

(1) Territory Expansion: The potential exists for future acquisitions in neighboring communities that would allow the Company to grow its overall market share, reputation, and revenue. (2) Franchisor Growth Support: The franchisor provides tremendous support to promote the growth of each franchisee. (3) Marketing Techniques: Continuous improvement of marketing techniques will help the franchise continue to grow.

Competition:

Investment Highlights Include: (1) Track Record of Success: For over 50 years SERVPRO franchises around the country have been there when disasters struck. Nearing one decade in business, the company boasts a proven track record of providing the best restoration service in the area. (2) Non-cyclical Industry: Disasters such as flooding, fire, mold, and everything else imaginable that can damage property will always be capable of occurring. Especially in Central California where mudslides, wildfires, and flooding are common occurrences. (3) Upward Mobility: The franchise is easily expandable and the communities surrounding Visalia have a population that approaches 1 million.

Reason for selling:

Retirement.

Support & Training:

Ownership is willing to provide reasonable and customary transition assistance.

Contact Business Seller

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Business Listed By:

Max Friar

Calder Capital, LLC