This highly scalable and profitable fire and water restoration franchise, engages in janitorial and disaster restoration services, specializing in remediation of fire, water, and mold damage. Established on the principles of prompt response and certified professional service, the company provides an extensive range of services including water damage restoration, fire damage restoration, carpet cleaning, and home reconstruction. Over the years, the firm has consistently grown, showcasing an upward trajectory with a reported revenue of $4,877,879 for the year 2023, up from $1,416,420 in 2019. With a full-time staff of 12 and no part-time employees, the business has systematized processes and documented strategies resulting in a self-sustaining entity. The current owner has expressed the intention to sell in pursuit of new ventures, confirming that the business is structured for a smooth transition to new ownership, ideal for an individual, strategic, or corporate buyer seeking an established operation with a consistent record of growth.
- Asking Price:
- $8,000,000
- Sales Revenue:
- $4,877,879
- Cash Flow:
- $1,922,810
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Monthly Rent: $4,500.00
Square Units (Foot, Meter): 28,000
- Location:
-
Facilities: Our business operates within a robust infrastructure that includes an expansive 28,000 square foot warehouse and newly remodeled administration and executive offices comprising a corporate suite. The warehouse, constructed with durable concrete and block wall construction, offers a spacious and versatile environment to support various operational needs. The corporate suite, featuring modern renovations, serves as the administrative and executive hub, reflecting a commitment to providing a comfortable and efficient workspace. With ample square footage, the facilities are well-positioned to accommodate aggressive expansion plans, providing flexibility and scalability for future growth initiatives.
- Premises Details:
-
FF&E Overview: The Furniture, Fixtures, and Equipment (FF&E) within our assets hold a book value of $1,129,830.29. This category primarily encompasses equipment, furniture, fixtures, and vehicles. Our comprehensive list includes an extensive array of vehicles and equipment, reflecting our commitment to operational efficiency and quality resources. This valuation underscores the substantial investment made in maintaining a well-equipped and furnished environment, aligning with our dedication to providing top-notch services and ensuring the functionality of our business operations.
Business Operation
- Expansion Potential:
-
Market expansion into owned, newly acquired franchise territorial regions throughout Northeast Ohio presents a significant growth opportunity for the new owner, facilitated by the robust Third-Party Administrator (TPA) program currently in place. With the support of the TPA program driving new business, the owner has the potential to scale up market growth aggressively.
This expansion strategy involves leveraging the established brand, operational playbook, and collaborative network with TPAs to replicate the success achieved in Youngstown across new geographic areas. The TPA program streamlines collaboration with insurance companies, enabling a smooth entry into diverse markets while capitalizing on the existing business model's proven effectiveness.
This approach not only allows for geographic diversification but also positions the business to tap into new customer bases, enhancing its overall market presence and contributing to sustained growth on a broader scale.
- Competition / Market:
-
The competitors include other independent and franchise companies in the home and commercial restoration industry, providing services such as fire damage restoration, water damage restoration, mold removal, and smoke damage restoration, with a focus on maintaining and improving property conditions.
The local competitive advantages of the franchise include its established presence in the community since 2012, a decade of successful operation and growth, a strong reputation for delivering high-quality restoration services, a deep understanding of local needs and conditions, potential strong relationships with local clients and businesses, and the ability to provide prompt and personalized services to meet the specific demands of the existing market area.
- Reasons for selling:
-
In a strategic move, the founder and business owner of the successful restoration franchise company has decided to sell the business to pursue new opportunities in different business segments. This decision reflects a commitment to evolving with the changing business landscape and aligning with the founder's passion and vision for the future. The sale is anticipated to bring fresh perspectives and continued success, and the transition process will prioritize a seamless experience for employees, franchisees, and customers.
- Trading hours:
-
Emergency Services 24x7 | Administration and operations hours M-F 8-5
- Employees:
- 12
- Years established:
- 2012
Franchise Information
- Franchise opportunity:
-
Franchise Resale
Other Information
- Support & training:
-
Number of Weeks Seller Will Offer Training: 4
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Owner Financing Terms: $500,000.00
Owner Financing Terms Months: 60
- Furniture / Fixtures value:
- $1,129,830
