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Listing ID: 2408350

Profitable Water Damage Restoration Company With A Great Reputation For Sale

Lakewood, Denver, Colorado, United States

$ 185,000

(Furniture / Fixtures included)

Revenue: $ 320,000

Cash Flow: $ 110,000

Business Description

This profitable restoration business in the Denver area has been in business for 5 years. The company is recognized nationally and has an outstanding reputation throughout the Denver Metro Area - Company is listed #1 locally on major business review websites.

Business services include water damage mitigation (drying homes and offices in the event of a flood), mold remediation, and sewage cleanup.

This is a great opportunity to get into the recession-resistant remediation industry in one of the fastest going markets in the country. The company has a proven track record of providing expert water damage mitigation services to both residential and commercial customers, and maintains a superb reputation and relationship with numerous insurance carriers.

The company has been a preferred vendor for a major insurance carrier for 2+ years and has been recently added to the preferred vendor list for 4 additional insurance companies. The parent company is also working to have the franchise added to several more preferred vendor lists.

Property Details

Years Established:

5 years

Property Type:

Lease

FF&E:

$ 50,000

Other Details

Business Location:

Great central location with easy access to all major areas of Denver. 1500 square foot facility with office and warehouse space. Rate $1,500 including Trash, Sewer, and Water.

Competition:

There are both large & small businesses in the industry. A few large corporations, franchises with small to medium size offices, & many independents that range in size. Entering the market is difficult for new enterprises, as they need to establish relationships with leads sources & build a strong reputation with customers. Due to our company's outstanding ratings and reviews, jobs come more readily & at significantly lower marketing costs than typical companies. In addition, 1 year in business is a prerequisite for consideration for preferred vendor lists.

Expansion Potential:

Numerous growth possibilities are available - the foremost opportunity is through preferred vendor lists for insurance companies. The company was recently accepted into an exclusive program to receive regular business through 4 major insurance providers. Other opportunities for growth and expansion include expanding to related services (i.e. carpet cleaning, fire restoration), developing more relationships with lead sources, and managing the restoration work after the water damage mitigation is complete.

Operation Details

Employees:

2

Support & Training:

Two weeks of training will be provided by the parent company. An additional two weeks of training will be provided onsite by the current owner. Additional support from the parent company can be provided on a continuous basis.

Miscellaneous

Financing Available:

Yes
Financing is available. Multiple option possible base on preference and needs of the buyer

Reason For Selling:

Personal reasons, I will be happy to provide more details to potential buyers.

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