SERVPRO Franchise – Established – Northeast Massachusetts - Highly Pro

Essex County, MA

Seller Financing Available
SERVPRO Franchise

Asking Price:$1,200,000

Cash Flow:$507,000

Gross Revenue:$1,467,967

EBITDA:N/A

FF&E:$273,000

Inventory:N/A

Rate/Sq. Ft.:N/A

Established:2009

SERVPRO Franchise – Established – Northeast Massachusetts - Highly Pro

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Business Description

This $1.4M+ (2015 Sales) independently owned and operated SERVPRO franchise has provided disaster mitigation and cleanup services for the benefit of insurance companies’ customers in a densely populated and busy area of NE Massachusetts for many years. Services include: Fire damage, Water damage, Bio Clean up, Mold Removal, Commercial and Residential Cleaning, Construction-Cleanup, Duct Cleaning, Deodorization and Vandalism. This suite of services is always in need in this area of the state and is marketed as a “turn-key” offering for clients that are looking for a one-stop type of disaster mitigation service.

The customers of the business include residential homeowners and commercial clients. Other material revenue sources include SERVPRO National Accounts (call center dispatched jobs), internet/search engine leads, word of mouth and jobs created by SERVPRO.

This business has a fully trained and developed staff of 8 (total staff members) and a new owner can easily slip into the workings of the business with the help of the current owner and the well-trained staff. The staff is fully trained in managing and performing the services of the SERVPRO business model. In addition, the franchisor provides comprehensive and on-going training to all franchise owners.

The SERVPRO franchise system was just ranked #1 in the “Restoration Services” category and the #4 “Franchise Opportunity” overall by Entrepreneur Magazine.

SBA loan pre-approved!

We have so much more information about this business that we want to share with you including a full summary and revenue expense breakdown. But this is a very confidential listing. So in order to share the details with you we will need you to fill out the "Contact the Seller" area on this page and provide the requested information. You will be asked to sign a non-disclosure agreement.

Note #1: This business is SBA bank financeable! Buyers must have at least 50% of the business purchase price in cash to put towards purchase at closing, (SERVPRO requirement) plus approximately $105,000 to cover initial 45-days operating expenses and the SERVPRO transfer fee.

Note #2: Cash flow is a 3 year average

Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is located in a 2800 SF industrial facility. This location serves the business very well. The rent is only $2200 per month. There are several years remaining in the lease agreement.
Competition:
While there are other disaster mitigation services in the area, SERVPRO is hands-down the best and most well-known. SERVPRO is approved by all insurance companies, which leads to referrals from the insurance companies and local insurance adjusters.
Growth & Expansion:
Add more marketing. Corporate does a great job of marketing on TV, however increasing local marketing is a great idea and will lead to increased sales. This franchise just increased the marketing staff from one to two, which will clearly increase sales for the business. Add contents storage services – You can store the furniture and equipment of people and businesses that suffer an incident and then return the cleaned up contents once the building has been restored and ready for use.
Financing:
SBA Pre-approved, Buyer will need 50% downpayment per SERVPRO rules.
Support & Training:
Seller will train the buyer and there is also a superb two-week SERVPRO training program that teaches everything about the SERVPRO system. The program is IICRC approved and will lead to the owner obtaining this certification.
Reason for Selling:
Seller is retiring but will stay on for a long transition if desired by the buye
Franchise:
This business is an established franchise
Business Website:
http://www.goodmanonline.com/ourlistings.htm

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Peter Goodman, CBI

Business Listed By:
Peter Goodman, CBI

Goodman And Company Business Brokers

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Memberships & Certifications:
Indicates membership in The New England Business Brokers Association (NEBBA).

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