MergerPlace

Restoration Franchise Resale

Maryland (Harford)


  • Asking Price: $1,100,000
  • Gross Income: $2,464,873
  • Cash Flow: $351,522
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $400,000
  • Listing ID: #210553
  • Established: 1989
  • Employees: 12 FT / 2 PT

Business Description

This is a well-established Franchise that specializes in 24 hour certified residential and commercial Water Damage Restoration, Fire Damage Restoration, Mold Remediation, Oil Spill and Vandalism Cleanup along with Residential Cleaning. The Franchise also specializes in pack out services as needed. They employ experts to quickly get your property back to its pre-loss condition as quickly and efficiently as possible. The Franchise has been owner operated for over 29 years and holds 2 Franchise agreements which cover Harford County, Baltimore County and Baltimore City. The business currently operates with 12 full-time and 2 part-time well trained and knowledgeable employees. Revenue for 2018 projects to exceed $2MM. Seller Discretionary Earnings have consistently topped $300,000. This Franchise is an excellent opportunity to own a well-established and profitable business that serves a large metropolitan region.


Business Details

Primary Business Category: Contractors - Special Trade
Location: Maryland
County: Harford

Company Information

Year Established: 1989
Home Based: No
Franchise: Yes
Relocatable: Yes
Number of Employees: 12 FT / 2 PT

Financial Information

Asking Price: $1,100,000
Gross Revenue: $2,464,873
Cash Flow: $351,522
FF&E: $400,000
Seller Financing Available: No

Property Information

Facilities:

The Franchise is currently located in a 10,000 sq. ft. facility split between office and warehouse space in a small industrial park in Harford County.

Growth & expansion opportunities:

With a full time marketing person in place this business has the potential to grow into the top 10 percentile of the industry in the market area. If the sales per employee were increased to the market level the new owner would realize in excess of $8,000 in owner earrings per employee. The new owner could also expand the carpet cleaning and janitorial services offered.

Competition:

There are 89 competitors in the market area. This Franchise ranks above the Industry average in both sales and revenues.

Reason for selling:

Retirement.

Support & Training:

Will train for 12 weeks @ $0 cost. The Franchise provides a wide array of services: Fire Restoration, Water Restoration, Mold Remediation, Oil Spill Cleanup, Vandalism Cleanup, Residential Cleaning, Pack out Services and other Disaster Cleanup. The Franchisor requires Training and Certification for the services provided by the business. The State of Maryland requires no special licenses or certificates for the services rendered.

Contact Business Seller

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Business Listed By:

Mark Carter

Murphy Business Brokers