MergerPlace

Restoration Business

Florida (Broward)


  • Asking Price: $1,500,000
  • Gross Income: $1,005,000
  • Cash Flow: $490,300
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $75,000
  • Listing ID: #199660
  • Established: 2016
  • Employees: 6 FT/2 PT

Business Description

Special opportunity to acquire a successful and highly profitable Restoration Business. This is an independent operation with no royalties to pay!!! Experienced staff and techs servicing mostly the residential community of both Broward and Palm Beach. Great opportunity to expand into both the Commercial segment and Dade County. Company specializes in Water, Fire and Mold damage. Equipment and trucks all paid for, no debt. Over $500k of A/R's will go with the sale. Seller open to staying on board in an estimator / sales role. Effective marketing with 10% of gross invested in advertising and promotion brings sales and happy clients bring referrals. All revenues documentable - all comes from Insurance Companies. Trend through April 2017 has business heading to $1m mark this year. Nice facility, low rent.


Business Details

Primary Business Category: Contractors - Special Trade
Location: Florida
County: Broward

Company Information

Year Established: 2016
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 6 FT/2 PT

Financial Information

Asking Price: $1,500,000
Gross Revenue: $1,005,000
Cash Flow: $490,300
FF&E: $75,000
Inventory: $5,000
Seller Financing Available: Yes

Property Information

Facilities:

Commercial plaza - 2500 sq. ft. facility with office / warehouse. Rent is $2200 per month. Term is year to year, negotiable for long term.

Growth & expansion opportunities:

Potential for growth is vast. First, geographical expansion into Dade County and second into the "Commercial Sector". Both areas are not primary focus of the company, however leads still come in.

Competition:

Competitors are found throughout the region, however, the Independents are most profitable, no royalties and specific equipment purchases mandated by a Franchisor (Servpro, Servicemaster, etc).

Reason for selling:

Family matters. Need more time for raising children.

Support & Training:

Will train for 2 weeks @ no cost. Customer Service, estimating, business management skills as owner. Techs are licensed to do the work.

Contact Business Seller

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Business Listed By:

Edwin Pena

Murphy Business Brokers