Restoration and Remediation Business in the Balto-Wash Marketplace


Restoration and Remediation Business in the Balto-Wash Marketplace

Asking Price:$2,050,000

Cash Flow:$510,000

Gross Revenue:$1,625,000





Restoration and Remediation Business in the Balto-Wash Marketplace

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Business Description

Restoration and Remediation Business in Baltimore-Washington Area

Well established and recognized name in the restoration and remediation business serving the Baltimore and Washington Metropolitan areas, as well as the Maryland Eastern Shore and Delaware. Services provided by this business include fire and water restoration, mold and mildew removal, and biohazard cleanup services. Employees are highly trained and certified professionals capable of responding 24 hours a day, 7 days a week, to mitigate loss and meet every challenge with professionalism, reliability, compassion, and respect. This business is an independently owned franchise operation and as such the franchisor provides excellent training and ongoing support.

Detailed Information

Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
This restoration and remediation business leases approximately 7,500 square feet of space on the ground level in an attractive business office park. The location has good visibility, ingress, egress, and parking. Annual rent is $51,750, or $4,313 monthly, which includes taxes, insurance, and CAM. The current lease term expires on November 30, 2016, however there are eight - one year options remaining. Leasehold improvements, furniture, fixtures, and equipment are in very good condition.
This business is one of the better known and established restoration and remediation businesses in the Baltimore - Washington - Eastern Shore market. There is competition in the market, however, the subject business continues to experience substantial growth by providing exceptional quality service, which has resulted in expansion of revenue from their third party agreements.
Growth & Expansion:
The business has experience substantial growth over the past four years and has benefited from the addition of third party service agreements. These agreements are generally from insurance companies whose clients need restoration or remediation services. With continued great service, third party agreements will continue to grow in revenue.
Support & Training:
Owner is flexible regarding necessary transition training. In addition, franchisor has an excellent training program.
Reason for Selling:
Relocation and divorce.
This business is an established franchise

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Andrew (Drew) Smith, M&AMI, CBI, MCBC, CBB

Business Listed By:
Andrew (Drew) Smith, M&AMI, CBI, MCBC, CBB

The Morton Group

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers.

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