Well Known Disaster Renovation Franchise Company For Sale

Business description

This well known franchise was opened in the El Paso area in 2004. The company provides Disaster Restoration Services including emergency heavy cleaning and pack-out services for residential and commercial losses due to fire, water and smoke damage. Services rendered through insurance agents, adjusters and brokers include carpet/upholstery restoration, water extraction, dehumidification, odor removal, trauma/spill removal, and other related services. The overwhelming majority of the revenues come from insurance carriers and the franchise has established contracts from essentially all of the major carriers. The Company has four full time employees and utilizes the services of an employee leasing service for employees needed on specific jobs. Current owner has run the business absentee for the past 1 years. (Gross Sales and Cash Flow based on 2008 financial statements). This offering is structured as an asset sale. This is neither an offer nor a solicitation to sell securities. To find out more about this exciting opportunity, contact Tom Given.

Property information

Real Estate:

Lease

Lease terms:

$800 sq. ft. @ $750/mo. Lease expires end of 2009.

Premises details:

The Company s office is located in a strip center. Approximately 800 sq. ft. @ $750/mo. Lease expires end of 2009, but obtaining an extension should not be a problem. It should be noted that the location of the leased space is not important to the business as the business travels to the customer site to perform the work. Customers do not visit the Company office.

Size in square feet:

800

Other information

Expansion potential:

According to the owner, significant growth potential exists for this business. The owner has not been active in the business for the last 1 years, yet sales and profits have continued to increase. The owner believes that the buyer would accelerate the growth significantly by visiting with major insurance agents and insurance adjusters on a regular basis. This business would be an excellent investment for an entrepreneur wanting to be self-employed or a construction related company wishing to diversify its services.

Competition / Market:

There is only one other major competitor in the El Paso area. For this reason, the business appears to have significant growth potential.

Support & training:

Training to be provided by current owners for 2 weeks. In addition, continuing support and training will be provided by franchisor.

Reasons for selling:

Owner of the business moving out of state.

Financing available:

SBA financing may be possible with 20% down.

Furniture / Fixtures value:

$50,000 (included in the asking price)