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Fire & Water Restoration & Construction Franchise
Location Maryland,United States
Asking Price Range $250K - $500K
Gross Revenues $418257
Net Profit / Cash Flow $142642
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2009
Number of Employees 6 - 9
Inventory 149150
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Training The owner will provide an appropriate transition period and will continue to work and generate new business while the buyer completes the national franchise training program.
Reason for Sale Owner has some health issues
Description Since 2009, this independently owned and operated franchise has provided a full range of cleaning and restoration services to the territory it services. Services include: restoration services such as fire damage restorations, water damage restorations, deodorization, duct cleaning and mitigation of mold and mildew for homes or businesses; residential cleaning such as carpet, upholstery and drapery cleaning; commercial cleaning such as hard floor care, commercial carpets and janitorial services.
Revenue has increased by 33% from 2010 to 2011 and the company projects 2012 to be another banner year. The company has a full time marketing person and sales person, a well-trained and dedicated staff, an ample supply of well-maintained equipment, and its franchise system behind it. In 2012, this franchise system was ranked #1 in the "Restoration Services" category and the #4 "Franchise Opportunity" overall by Entrepreneur Magazine. In addition, in 2012 Forbes Magazine ranked this franchise system #5 in the ''Top 20 Franchises for the Buck'' category. When the new owner returns from franchise training, they will benefit from this on-going cash flow positive concern with all processes and procedures in place.
This location serves both individual and corporate clients.
The competition for the type of services that the company offers in the geographic area it operates is limited. The company has an excellent reputation in the region and referral work is their main avenue of advertising. The franchise system has developed strong relationships with national insurance companies that feeds the company with jobs and has developed response programs that give them a competitive edge over their competition.
The owner of the business has identified avenues of growth that he will be glad to share with the buyer at the appropriate time. These opportunities include recurring revenue streams that are guaranteed to boost the bottom line.
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