Fire & Water Damage Restoration

Business Overview:

This Business is a trusted partner when disaster strikes, providing commercial and residential comprehensive restoration services with a focus on water, fire, odor, and mold mitigation. Their trained and certified technicians utilize state-of-the-art cleaning and restoration technology to perform tile and grout cleaning, grout sealing, carpet cleaning, upholstery cleaning, spot/stain removal and air duct cleaning. The team of professionals provide 24/7 service to meet the clients’ needs in a timely manner. Consistent, clear communication is a business priority. When disaster strikes, this company handles the mitigation and removal, as well as the reconstruction. Financing options are available.

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Property Features and Assets:

The business is operated from a 4,000 square foot leased facility located in an attractive industrial park-like setting. Of the 4,000 square feet, 3,200 square feet of it is heated warehouse space and the remaining 800 square feet is considered office space. The current owners have satisfied a three-year lease agreement and are currently on a month-to-month lease paying $2,200 per month that includes water and sewer. A new buyer would have to negotiate their own lease and the landlord is very open to entertaining this arrangement.

Assets = $375,101

Market Competition and Expansion:

The Business does superior top-of-the-line work and although they have some of the national restoration brands in their area to compete with in the same industry, they do not view them as equal competitors considering the quality of work and level of service they provide to customers. This Business has an excellent reputation in the geographic region they service. They have one company they do consider a legitimate competitor and they have a great relationship with them. The relationship between the two companies is so strong they actually refer business to each other depending on the type of job and each of their current workloads etc.

One growth strategy would be to establish strong relationships with insurance companies. Being a preferred vendor can lead to a steady stream of referrals. Communicate effectively with adjusters and provide detailed documentation of work for insurance claims.

Reason for Selling:

Additional Details:

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