37406-Water-Fire Restoration-Mold Remediation

VA

37406-Water-Fire Restoration-Mold Remediation

Asking Price:$650,000

Cash Flow:$115,000

Gross Revenue:$641,000

EBITDA:N/A

FF&E:$200,000

Inventory:N/A

Lease Rate/Sq. Ft.:N/A

Established:1989

37406-Water-Fire Restoration-Mold Remediation

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Business Description

Located near Richmond and servicing Central Virginia, this specialty trade contractor offers disaster recovery services for commercial, industrial, and residential projects. The company specializes in emergency fire and water restoration, mold remediation, and carpet cleaning. Offering these services requires a license, equipment and trained personnel. The technicians are IICRC certified. The company has a proven track record, supported by loyal customers over the years. With a large customer base and solid reputation, the company continues to attract new customers while maintaining its reputation with existing ones. The majority (70%) of the company’s revenue derives from providing restoration services to insurance companies for their customers. Meanwhile 20% come from services directly to residential customers and 10% of restoration services go directly to commercial and industrial entities.

The current owner has been operating this company since inception, over 25 years. After years of hard work and loyal customers standing true throughout the years, the current owner is ready to retire and see a new owner take it to the next level. With management already in place, this company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. It would be highly beneficial for the new owner to hire additional employees and start up a marketing program as the company is operating at nearly full capacity. This is thanks to the referral programs in place and an excellent reputation. Owner Financing is negotiable for the right buyer. For full details, contact IAG offices today!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The company operates from a rented 3,000 square foot facility, with 500 square feet used for office space, the remainder is used for a work area and equipment storage. As the lease is month to month, the company could be relocated within the service area fairly easy.
Support & Training:
The key employees will most likely be willing to stay after the sale. The owner will be available for a reasonable transitioning period.
Reason for Selling:
Approaching retirement.

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