MergerPlace

Multi-Territory ServPro Franchise

New York (Onondaga)


  • Asking Price: $2,500,000
  • Gross Income: $2,140,279
  • Cash Flow: Not Disclosed
  • Real Estate: $1,300,000
  • Inventory: $47,000
  • FF&E: $350,000
  • Listing ID: #218291
  • Established: 1993
  • Employees: 21

Business Description

SERVPRO is a trusted leader in the restoration industry with over 1,700 Franchises in the U.S. and Canada. Whether you need help with emergency flood damage or your upholstery cleaned, you can depend on SERVPRO. Our technicians have extensive cleaning and restoration training and can make any property look its best. This is a unique and rare opportunity to operate 3 ServPro franchises out of one location, and own the real estate as well. NOTE: The real can be acquired in conjunction with the business or later, but no circumstances can it be acquired prior to the sale of the business.


Business Details

Primary Business Category: Services - Other Services
Location: New York
County: Onondaga

Company Information

Year Established: 1993
Home Based: No
Franchise: Yes
Relocatable: Yes
Number of Employees: 21

Financial Information

Asking Price: $2,500,000
Gross Revenue: $2,140,279
FF&E: $350,000
Inventory: $47,000
Real Estate: $1,300,000
Seller Financing Available: Yes

Property Information

Facilities:

Offices, warehouse and clean room system. The multiple overhead doors along with the garage and repair space lets us load the trucks the night before and keep them safe inside from vandalism and ready to go in the morning.Electrical upgrades, HVAC and plumbing upgrades in 2012, The “Clean Room” is essentially a modular machine that moves items on a conveyor through a series of cleaning processes without requiring repeated handling by the employees. This results in a more efficient cleaning system, less damage and less possibility of items becoming separated.

Growth & expansion opportunities:

Significant growth potential exists within the duly licensed 3 territories that will be disclosed to qualified buyers. Expansion potential exists with the purchase of additional franchises. Also, with the 2.99 acre site, potential expansion of the building is certainly possible.

Competition:

SERVPRO is a closed franchise. Competition in the local market exists in the form of non-national brands with limited scope and scale by comparison. It is extremely rare to be able to secure 3 franchise territories in contiguous markets operating out of a central location.

Reason for selling:

Owner health reasons.

Support & Training:

SERVPRO corporate will provide upfront and on-going support per the franchise agreement. In addition the Seller will provide support to ensure a smooth transition under terms to be negotiated.

Contact Business Seller

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Business Listed By:

Dean LoBrutto

ValueCap Inc.