Established Emergency Restoration Company

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Profitable Fire/Water Restoration Business-Owner Retiring
Asking Price:
$1,197,000

Gross Revenue:
$790,233
Cash Flow:
$267,122
EBITDA:
$267,122
Inventory:
 Not Disclosed

FF&E:
$345,000
included in asking price

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Business Description

Let this fire, smoke, and water emergency restoration company feed the flame of your bank account!

Recession proof, well known, and trusted emergency response and restoration company.

In its 30 years of business, the company has built a tremendous reputation and is trusted and respected by major adjustors who continually seek out their services.

High profits, easy to operate, well connected to insurance companies and referral networks!

This longstanding emergency response and restoration service business operates with a high standard of quality and can handle all aspects of water, smoke, and fire damage restoration and clean up. There will always be a demand for disaster clean up, which means high income year-round!

Accounts receivables collected in as little as 14 days!

About the Business

Year Established:
1990
Number of Employees:
7
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
2,640
Rent:
$1,700.00 Per Month
Lease Expiration:
6/30/2019
Facilities:
The facility is in good condition, includes 2640 square feet of office and warehouse space, and has a parking capacity for up to 10+ cars. The main office currently seats three people but there are additional rooms that can fit additional workers. The office is computerized.
Market Outlook/
Competition:
The Company is a leader in their industry and is well known and respected among clients who continuously seek their services.
Growth & Expansion:
If you are looking for an industry with plenty of potential growth to get into, the restoration business should be at the top of your list. Currently, the restoration industry is worth approximately $210 billion, and is expected to grow even more in the coming years. This is due to several reasons, including the increasing intensity of natural disasters, homes and infrastructure getting older in the United States, as well as wildfires and flooding occurring more often.

Below is a look at industry trends and issues as restoration business industry growth continues.

New Technologies Driving Demand

Besides natural disasters, one of the leading causes of rising demand is more presence of mold in homes. New and energy-efficient homes are more likely to experience mold because of the way they restrict airflow. Plus, we are more aware of mold in homes today than in years past.

Advanced technologies have made it easier to detect mold in homes and commercial properties. Therefore, there will be a greater demand for mold abatement and restoration professionals.

Natural Disasters Creating Need

Natural disasters are driving the need for fire and water damage restoration professionals as well. The Environmental Protection Agency reported that severe storms led to about $6 billion in property damage in 2016.
That number has been relatively stable since 2008. It appears this uptick in the occurrence of natural disasters is expected and sustained, leading to huge restoration business industry growth.

Restoration Industry Trends Since Hurricane Katrina

Many restoration workers will say that Hurricane Katrina marked a huge shift in restoration industry trends when it hit New Orleans in 2005. Before then, the restoration industry operated with few standards, and there were only a few proven practices when it came to billing, paperwork and the regulatory environment.
Today, everything has changed. As natural disasters like wildfires, hurricanes and flooding have swept the country, the demand for restoration professionals has grown enormously. The standards with which restoration professionals work and the practices they use have improved as well. The industry is better organized and readier to respond in the wake of a natural disaster.

The environments in which professionals work are far safer for workers as well, due to an increase in standards and best practices.

Outlook for the Future

Many believe the increase in natural disasters attributes to climate change, suggesting the need for restoration professionals will only continue to grow in the future. No matter what the cause of natural disasters is there will always be a need for qualified and hard-working restoration professionals.
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About the Sale

Reason For Selling:
The Owner is retiring.
Training/Support:
The Owner is willing to train for 6-8 weeks at no cost.

Listing Info

ID:
1621102
Ad Detail Views:
0

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