Full Service Disaster/Restoration Company For Sale
Carolinas
Disaster/Restoration Services
This full service Restoration Company provides insurance restoration services in a growing metro area in the Carolinas.
25% of their revenue is generated from rapid response emergency services (mitigation) for property owners which include water and fire damage cleanup, emergency board-up and mold removal. Once the mitigation services are complete, they will provide the insurance company with a complete repair estimate to return the property to its original (or better) conditions. They have the capability to complete nearly any type of repair. Repair and rebuild represents 75% of their revenue..
This is a unique opportunity for several reasons. First of all the business is recession proof. Secondly, the owner does not work in the business and his G.M., who has been with him since he bought the business in 2005, is aware of the sale and is definitely staying on with a new owner. Also, competition is limited to those companies that meet the stringent qualifications set by the insurance companies . The majority of their business is negotiated with a dozen or so insurance companies they have built relationships with. Finally, the business is being offered with 10 year bank financing and the bank will include $100,000 in working capital in the financing package!. This is a great opportunity to own a service business that is always in demand, even in a down economy. Contact Brad Offerdahl at (704) 676-0448 for more information.
Listing Price: $700,000
Down Payment: $140,000
Revenues: $2,695,000
Adjusted Cash Flow: $231,000
Contact Information
Name: Brad Offerdahl
Office: VR Business Sales, Mergers & Acquisitions Charlotte
Phone: 704-676-0448
E-mail: brad@vrcharlotte.com
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Contact Greg Ponder at (704) 409-1877 or gponder@vrcharlotte.com for more information.
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"I was not initially looking to sell my business, but was interested in finding out the market value. After meeting with VR Business Sales, Mergers & Acquisitions Charlotte and seeing the price my business was worth, I decided to list my business for sale. Immediately, there were qualified buyers touring my business and in less than 3 months after listing, I received an acceptable offer. I would highly recommend VR Business Sales, Mergers & Acquisitions Charlotte to all business owners."
Rick Griffiths
President, Amramp Charlotte