Insurance-covered Property Reconstruction and Restoration

Georgia
listing image
Sale Pending
Asking Price:$3,200,000
Gross Revenue:$3,200,000
Cash Flow:$1,150,000
BUSINESS DESCRIPTION

This company specializes in providing insurance-covered property restoration services, primarily focusing on reconstructing damage caused by water, fire, wind, and mold. The company also offers various clean-up-related services contributing to a smaller portion of its revenue.

In 2023, the company generated $3.2 million in total income with an SDE margin of 36%.

This business operates independently of the owner and has established protocols, an operating model, and contracts within the industry.

The company operates in a steadily growing market, occupying a niche segment with evenly distributed competition. Most competitors are small businesses.

The reconstruction industry is projected to grow at a 6% CAGR. At the same time, the company can double its business in a short period by engaging in more partnerships with Third-Party Administrators (TPAs) and expanding its clean-up service offerings.

Key Highlights:
• Dynamic operations: Serving over 30 locations.
• Strategic partnerships: Collaboration with TPAs can significantly boost revenue.
• Sales: The company contracts 80-90% of inbound project leads.


DETAILED INFORMATION
Location
Georgia
Inventory
Not Included in asking price
Growth & Expansion
The company will certainly remain viable with its team of experienced professionals, high-quality contracts, and industry trends that indicate an increase in the company’s services. Growth opportunities also include: • Increasing demand for green practices • Technological advancements • Climate change
Support & Training
The company is owned by four partners, with three of them (minority partners) actively involved in day-to-day operations. Three of the four partners are looking to stay with the company and remain employed. 100% of the ownership in the company is up for sale.
Reason for Selling
The owner is seeking to retire and transition out of the business.
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Ashish Bhatt
Synergy Business Brokers
Ashish Bhatt