Fire & Water Damage Restoration Service For Sale

Business description

This individually owned and operated franchise specializes in the cleanup and restoration of property after a fire, smoke, or water damage situation. They also mitigate mold and mildew situations, and offer services including cleaning carpets, upholstery, air ducts, drapes, walls, ceilings, and biohazard situations. This franchise location has exclusive rights to two cities in NW Arkansas but because there is no franchisee (and none contemplated) south and east then business is done in multiple surrounding counties in Northwest Arkansas (estimated value of franchise exclusivity $37,000). The business has achieved $420,954 in revenue over the last twelve months and $203,542 in net discretionary cash flow. Sales are projected to be $550,000 in 2008 and projected to grow 25% per year over the next three years. YTD revenue through 7-31-08 is $320,000 with net discretionary of $172,777. 2008 year end net discretionary should be $225,000. The Franchisor has added several multi-year contractual relationships with national insurance companies. This can be a terrific franchise business opportunity for a new owner/operator in one of the most desirable locations in Northwest Arkansas. Or an investor could hire a General Manager to run the business and still make an excellent return on investment.

Other information

Support & training:

Seller will provide onsite training

Reasons for selling:

Other out of state business interests

Furniture / Fixtures value:

$73,250 (included in the asking price)

Inventory / Stock value:

$2,511 (included in the asking price)