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Restoration Company For Sale Nets $450k

Hunterdon County, New Jersey, United States
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Asking PriceUndisclosed
Revenue$2,250,000 Established1985
Cash Flow$482,382 Employees18 full-time
FF&E$550,000* FranchiseNo
Inventory$5,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Most unusual business opportunity for this highly successful restoration construction company with 97% of the income based on continued referrals from numerous insurance companies. They provide multiple services for the insurance industry such as preparing estimates, guaranteeing required repairs, etc., which represents the majority of their gross income. This twenty-five-year-old company has a 2015 gross income of $2,250,000 and a net yearly income of $492,382. This company has contracts with various insurance companies to either appraise or remedy repair property damage that is covered by to their real estate property customers. The company is a licensed contractor, certified in Water Damage Restoration Technology, and specializes in fire and water restoration. Because an emergency can strike anyone at any time, the various insurance companies that they represent requires evaluations and professional service. This service company immediately deals with the emergency and turns a devastating situation into one that is not so overwhelming. They take into consideration all factors, in order to control the overall cost of a job, it is imperative to act immediately. They provide a prompt response time with a courteous and professional team that will help and guide the insurance customers every step of the way. As an approved vendor for many insurance companies they have established an excellent working rapport with the insurance professionals. They pride themselves on building a trusting relationship with each customer, by providing the personal attention required. This business transaction consists of a turnkey commercial adjuster / contractor, which includes various computers and software for this particular industry, including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This particular business has eighteen employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $44,200. The business has a commercial lease which expires 2016-01-01 with a monthly rent of $1,500 and rent security $1,500. The business is located in a private home office facility which consists of 1,500 square feet has a capacity for approximately twenty employees. The facility has appropriate private mall parking on site as part of the commercial lease. The business is active five days per week, with hours from 9:00 am to 5:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a most unusual investment return to the owner operator prior to debt service. The 2015 yearly gross income is $2,250,000 and the business has a yearly net income of $482,382, less any rent and based on an owner operator and prior to debt service. The business has been valued based on a multiple of the net yearly income and the value of the specific business assets, seller financing has been approved to a qualified buyer with an appropriate down payment and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.
Facilities:This non retail business is presently located in a fifteen hundred square foot facility in Northern New Jersey and in the county of Hunterdon. The facility consists of three offices with various desks, conference room and can be located to any similar space.
Competition:To the best of our knowledge due to the company relationships with the various insurance company, no new competitors are expected and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth Potential:The business presently has a limited marketing plan, basic poor web site and if improved can further developed the business bottom line corporate income. The company also has an opportunity to expand into alternative states.
Training/Support:The owner will remain post-closing for 45 days and supply a transitional period.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:The owner is retiring after many successful years in this specialized industry.
Ad #86008
Seller Reference #SVS274
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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