Business Summary:
This restoration company serves both the residential and commercial markets, and is so successful that the owner has expanded into additional lines. After acquiring additional territories – he has decided to sell off his fully developed portion, thereby creating an immediate, meaningful cash flowing business for a new owner – plus plenty of room for growth.
Established in 1999, the business responds to all types of restoration jobs-carpet, floor cleaning, sewer, water, fire, mold, puffback (soot removal), and general household and janitorial cleaning. Twenty field workers manage to keep the 11 trucks humming along from job to job. The ancillary equipment that enables the jobs to be completed is extensive, and a full list of assets, estimated at $200,000 will be provided. To aid in running the business, there are 3 marketing and 7 office staff that keep schedules running smoothly.
Sales have averaged $2.26MM over the last 4 years with a corresponding, minimum Sellers Discretionary Earnings of $293K, or a healthy 13% of sales. Sales trends continued to rise through 2008 – and if we were to annualize the cash flow for the first 4 months of 2009 it would result in a staggering $700,000 plus! Internal financials reported April 09 sales of $996,565. The Real Estate & Building, of one acre parcel and building valued at 850,000, is available for purchase or lease.
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