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UNDER CONTRACT!!! Highly Profitable Restoration Business for Sale!!!

TX

Seller Financing Available
Restoration Business
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Asking Price: $2,600,000

Cash Flow: $787,500

Gross Revenue: $1,729,514

EBITDA: N/A

FF&E: $390,000

Inventory: $5,000

Rent: $4,000 /Month

Established: 1991

UNDER CONTRACT!!! Highly Profitable Restoration Business for Sale!!!

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Business Description

This is a highly-profitable disaster (fire, water, storm, etc.) restoration business in Dallas-Fort Worth (DFW) metro area.

This business has been providing restoration services to residential and commercial clients in the Dallas-Fort Worth region for the past 28 years. More than 99% of its business is conducted through major insurance companies, such as Allstate, State Farm, Farmers, Encompass, Nationwide, etc.

Larger, national-level restoration companies such as Dalworth, Belfor, Interstate, Cotton, etc. regularly subcontract their jobs to this company.

Due to fantastic customer service and workmanship of its employees, this company has been declared as one of the best restoration companies for Allstate in the previous 4 years.

The company and its professionally trained technicians are certified through the Institute of Inspection Cleaning and Restoration Certification (IICRC).

The founder of the company ran this business for 27 years and sold it in early 2018. The new owner significantly improved the financial performance of the company since taking over the business but he is now moving into a much larger business venture and therefore he would like to exit the business and hand over this profitable company to a capable and energetic buyer.

Due to great cash flow and profitability, a national bank has pre-qualified this business for SBA loan of up to $2.43M. With 10% seller financing, the buyer needs to bring $296K down payment only.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
17,000
Lease Expiration:
9/30/2021
Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This company is located in an Industrial area of Dallas-Fort Worth. The company is housed in a very large 17,000 sq. ft. facility with roughly 1500 sq. ft. office space and 15,500 sq. ft. warehouse. The warehouse is large enough to accommodate significant increase in business through active marketing or adding services, such as residential construction.
Competition:
This company has established itself as one of the top disaster restoration companies in DFW area. Even though the market is competitive, this company gets enough business through Insurance and larger restoration companies that it doesn’t feel the need to do active marketing or promotion of its services.
Growth & Expansion:
Currently, this business isn’t spending any money on marketing. All the business comes through insurance agencies and references. Active marketing and becoming official vendor of additional insurance agencies can increase revenue significantly. New and energetic owner can easily double or triple the sale and profitability by adding construction services to the existing business.
Financing:
10% of Sale Price
Support & Training:
2 weeks
Reason for Selling:
Purchase of a larger business
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(from currently available funds)
 
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Saleem Marwat, MBA

Business Listed By:
Saleem Marwat

Transworld Business Advisors

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