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Asking Price$599,990
Revenue$2,018,093 Established1987
Cash Flow$350,000 Employees15 full-time
FF&E$20,000* FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Claims/Investigations Firm-InsuranceThis multi-location, 29 year old company, specializes in Insurance Fraud Detection Services.  Areas of particular emphasis include:  liability, workers compensation, motor vehicle and mortgage fraud.They currently operate five locations, all within the state of California, with opportunities to grow into other states if desired.  Licenses are held for both adjusting services and investigation work allowing the firm to offer complete insurance investigatory services.Customers include high profile insurance companies, mortgage entities and Defense Attorneys. The firm has a very diverse client list, with no particular dependence on any primary customers for income.The company has an effective marketing program and also enjoys a strong amount of referral business within their industries because of success past track record.  They employ approximately 15 people with current monthly salaries averaging $30,000 excluding the owner.   Excellent kept books and records. The very nature of the Insurance Fraud Investigation business is cyclical in nature.  Over its 29 years this firm has weathered many cycles in the industry.  Sales in the current cycle bottomed in 2014 with $511,146 in sales and have already begun a firm trend upward yet again.Nonetheless, the last four years sales have averaged $2,893,000 including the down year in 2014.The seller feels very strongly the successful buyer of this business will be an owner operator, not an investor type or semi-absentee proprietor.Sales:  $2,893,000 (all figures are the average of the last four years)Seller's Discretionary Cash Flow:  $350,000Asking:  $599,990Disclaimer: The information above was furnished by the seller. Sunbelt Business Brokers of Orange Coast or its agents have not verified the information and makes no representations as to its accuracy or reliability.For more information call Steve Thomson, CBI,  at Sunbelt of Orange Coast at 714-619-9310. Email: steve@sunbeltorange.com. Fax: 949-666-5823.
Training/Support:Seller will stay on and provide training for a period of time and terms to be discussed prior to offer. Seller also acknowledges non-compete agreement to be discussed.
Sale Reason:other ventures.
Ad #69925
Seller Reference #ORCSTCA001-N1920
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Contact This Seller
R. Stephen Thomson
(714) 619-9310
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