High Demand, High Profit, Seasoned Insurance Restoration Company

Louisville, KY

Seller Financing Available

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Asking Price:$2,975,000
Gross Revenue:$2,750,000
Rent:$1,400/Month
Established Year:2016
Cash Flow:$850,000
Inventory:$10,000
FF&E:$50,000
BUSINESS DESCRIPTION

Independent Fire, Water, Wind Restoration Company Positioned to Scale

As a well-established full-service restoration company, we provide services to address mitigation and repairs for water damage, fire damage, wind damage, mold, and other property damage related insurance claims. Restoration services have historically been a high-demand, recession-resistant industry for decades and this is a rare opportunity to own a proven and profitable restoration business that is not limited by franchise territory borders or procedures.

*Insurance Carrier Recommended Contractor
For many years, the company has been an award-winning, top performing contractor for most of the insurance carrier recommended contractor programs such as: Alacrity, Sedgwick, Lionsbridge, CORE, PRN, Homee, TradePro, ICAN and a few others. The process to be invited and qualify to participate in these programs is very difficult, in addition to there being a limited number of contractors allowed to participate in each service area.

*Trained And Talented Personnel
Our employees and contractors are well tenured and experienced with understanding and overcoming the challenges of restoring someone's home or businesses after a disaster. More importantly, they all have a common discernment that customer communication and satisfaction are our most important attributes to maintain our goal of superior service and professionalism that is second to none in the industry.

*Systems In Place To Manage Operations and Growth
Turnkey systems and procedures are in place for operations to be somewhat seamless when bringing on new hires or contractors. The technology, systems and procedures the company has in place allow for it to scale and retract as needed during larger scale disaster events. Additionally, the company is positioned for continued growth and scalability within the immediate and extended service areas and one of the owners is willing to continue employment indefinitely in an executive management position, if needed, to afford a seamless transition.

The ideal buyer would be an existing restoration company or equity group seeking to add a presence in the Louisville, KY and surrounding areas or an existing company/owner looking to add on restoration services to its existing operations. The sellers are willing to consider seller financing, an asset for stock/ownership purchase agreement or other creative purchasing options with a qualified buyer that can adequately provide agreeable terms and security conditions.

To protect the privacy and confidentiality of both the buyer and seller, interested parties will be required to sign a Non-Disclosure Agreement. Upon signing, general financial and business information will be provided. To ensure that only qualified buyers further engage in the discovery process, current financial substantiation from a verifiable source will need to be provided in order to receive detailed company information.


DETAILED INFORMATION
Location
Louisville, KY
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,000
Lease Expiration
31/12/2026
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Restoration equipment: air movers, dehumidifiers, air scrubbers, specialty drying equipment, odor control machines and other related restoration equipment. Assets also include company vehicles, tools, and office equipment for turnkey transition.
Competition
The market is becoming more competitive with new restoration franchise startups. However, becoming an insurance carrier recommended contractor is not an easy task and this limits competition since there are a limited number of recommended contractors in every city. It is becoming more and more evident that insurance adjusters are using recommended contractors as their eyes and ears. The push by insurance companies to use carrier recommended contractors will allow exceptional growth for those contractors that participate in these programs.
Growth & Expansion
The majority of our revenue is derived from recommended contractor programs. Marketing to agents, property management companies, plumbers, and other related businesses is an opportunity for substantial growth. We have not scaled the business in this area due to our success with program growth but have evaluated for future growth possibilities. Upselling unrelated insurance repairs or upgrades to customers is another area for growth. Lastly, our service area is in substantial need of quality home remodelers which is another opportunity for expansion.
Financing
Will consider assets for stock or seller financing options for qualified buyers
Support & Training
Active owner willing to continue services indefinitely in an executive management role. Support and training will be provided as long as necessary to assure a successful transition.
Reason for Selling
Invest the equity into other passive income investments.
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