Savannah - Water, Fire, Mold Restoration

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Water Damage Restoration and Mold Remediation Franchise
Asking Price:
$60,000

Gross Revenue:
$50,724
Cash Flow:
$43,167
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
$26,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Best Option Restoration Savannah is a fully established franchise of a nationwide water restoration company. This franchise was established in August by the current veteran owners, and the phone is ringing enough to cover all overhead costs and has begun to make money. Thanks to training and a well-laid out business plan from Corporate, low franchise fees, as well as a mentorship program with more experienced offices, this is about to be an extremely profitable company that requires no previous experience in the industry.

This is as turn-key of a business as possible. Franchises of Best Option Restoration currently sell for 85k, but the price will rise to 115k in July, and that does not include the box truck, many of the tools and supplies that make the job easier and more professional, or the innumerable hours of marketing that have already been done for this franchise. Since this was one of the first 12 franchises to open, we received a great deal when buying in, so we plan to pass our savings on to a new owner. To visit the corporate website to see information on franchise growth expectations, please visit https://www.borestoration.com/disaster-restoration-franchise-opportunities/.

This company does not require very many trained technicians to operate, as the water restoration industry, as a whole, does not require a great deal of labor. After a few hours of demolition (removal of baseboards, carpet, carpet pad, affected drywall, etc.), the majority of the money is made by leaving our drying system equipment until the structure has dried. Mold remediation jobs can require more labor, but things like mold testing and HVAC fogging are extremely low-labor, low-cost ways to bring in consistent revenue. Best Option Restoration is also one of the only companies in the industry to utilize thermal technology for water restoration, which can dry a structure faster and minimize the amount of water and mold damage done.

The current owners have operated as the company's technicians, and have striven for excellence in service in every way possible. Many water restoration companies respond in 6-12 hours, but Best Option Restoration - Savannah has developed a reputation with our repeat property management clients for always being on scene within 90 minutes of getting the call. Our main priority has always been to put the client at ease and handle the situation as quickly and smoothly as possible. Our work speaks for itself, and we have gotten several jobs simply from word of mouth marketing.

This company is on the brink of massive expansion. All it needs is some marketing capital and for the current customer service mindset to be maintained. The only reason we are selling is because of other investments requiring closer attention in Colorado.

About the Business

Location:
Savannah, Georgia
Year Established:
2018
Number of Employees:
0
Home Based:
Yes
Franchise:
Yes
Facilities:
17 foot box truck with custom built-in shelving, 2 XL Dehumidifiers, 8 Axial Air Movers, 4 Proprietary Clip-on Heating elements, 6 Snail Air Movers, 1 700CFM HEPA Air Scrubber, 1 10gal Water Extractor, Extraction Light Wand, Extraction Water Claw, Extraction Hose, 6 25 ft Extension Cords, 6 50 ft Extension Cords, 220V-110V Converter Box, 4 Water Collection Barrels, Assorted Hand Tools, Assorted Disposable Supplies, Husky Stacking Roll-Away Tool Box, Hammer Drill with Tile Attachment, Demo Power Tools, Tri-Jet Fogger, Industrial Shop Vac, Paint Supplies
Website:
Savannahdamagerepair.com
Market Outlook/
Competition:
This business is on the first page of Google, has 3 lead generation accounts established, is listed on home advisor, has organic leads coming in from the website, and relationships with multiple local property management companies. This company's greatest competition is ignorance of the dangers associated with mold and water damage. There is plenty of work to be had in Savannah, and the best way to find it is by contacting and educating industry-related professionals about our industry and how we can help their clients.
Growth & Expansion:
PROS:
1.)Humid climate breeds large amounts of mold
2.) Coastal storms can bring in frequent water damage calls
3.) Savannah, GA is a smaller city that is very small business friendly, but it is also a rapidly expanding market.
4.) The company is already a member of 4 local Chambers of Commerce
5.) Turn-key sale that comes complete with box truck and all equipment needed
CONS:
1.) Current owners are the main labor force, so new owners will need to be trained or hire employees trained in Water Restoration
2.) Box truck is white, has not yet been
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About the Sale

Reason For Selling:
Moving cross-country to oversee other business investments
Training/Support:
Since this is a franchise, Corporate provides admin and billing training, Water Restoration Technician Certification is available in all large cities, and current owners are willing to do side-by-side walk-through of how things are done on a job-site and in the office afterward.

Listing Info

ID:
1452054
Ad Detail Views:
0

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Business Listed by
Matt Esterline

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