Mold Remediation - grosses over 600k annually

Philadelphia, PA
Mold Remediation
Asking Price:$550,000
Inventory:$75,000
Gross Revenue:$625,000
Established Year:2014
BUSINESS DESCRIPTION

Established list of over 400 realtors.

Established Mold Remediation Business

1) 600k a year in annual sales
2) Almost zero internet traffic - all word of mouth
3) Untapped revenue stream through water damage (potentially 500k a year plus)
4) Established list of over 400 realtors
5) Zero Marketing budget
6) Almost 100% cash flow positive
7) Very little risk (Mold certification is required to sell a house in NJ)
8) Home based - zero rent or storage needed.
9) Tech manager will stay with the company.
10) Based mostly in Philadelphia, South Jersey and surrounding areas.

This is a small but profitable business that consist of two vans, 4 employees, 1 estimator, and equipment.

Key Estimator and 2 employees will remain with the company so they will be the ones to train any potential buyer who needs training.

Add Backs:
The budget for labor can be cut by half as we pay our employees way too much on top of paying them for 40 hours regardless of actual hours worked, as well as other allowances such as gas, tolls etc.

No rent needed, equipment is stored in vans (that can legally be parked in the street), taken to the job, dropped off and the same vans are used to haul debris, and then the equipment is put back in the vans after the job is complete.

And we buy premium grade materials when it's not really necessary which would save you 30k or more a year being that that's all the materials the company really requires to operate.

And if you only take checks and cash, you could save an additional 15k a year in banking fees.

And you could save even more money by buying in bulk vs going to Home Depot which we've done almost consistently since the inception of the company.

So, all in, you're looking at an additional 100k a year to add to the net.


ATTACHED DOCUMENTS
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DETAILED INFORMATION
Location
Philadelphia, PA
Inventory
Included in asking price
Employees
4
Facilities
1) 2 Cargo Vans, two vehicles 2) Industrial Dehumidifiers 3) Air Movers 4) Sprayers
Competition
With our pricing and ratings, we virtually lack any real competition.
Growth & Expansion
Huge potential for growth in that we are tooled and certified for both water damage (which is essentially an entire other business in its own right), but we've only ever worked with mold. Also, we have operated strictly on word of mouth and have almost a zero-dollar budget for marketing. All cash flow is positive being that the only money owed is a one year left on a 5 year note on our vans, all other equipment is owned outright.
Support & Training
We have both an estimator and 2 employees who have been with us for over 10 years that will provide all training required.
Reason for Selling
Looking to slow down a bit and focus on other things.
Home-Based
This business is Home-Based
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Ted McGuire
Ted McGuire