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RECESSION PROOF RESTORATION COMPANY - SC2100
RECESSION PROOF RESTORATION COMPANY - SC2100
Financial Information
- Asking Price: $1,790,000
- Cash Flow: $700,000
- Gross Revenue: $2,500,000
- Down Payment: $1,790,000
- Financing: Yes
- FFE (Included): $450,000
- Inventory: N/A
Business Location
- Northern California
Business Description
This Northern California based Restoration Franchise is a California S-Corporation and was established in 2012 providing full restoration services throughout Northern California. They provide full-service water, fire, and mold cleanup along with complete restoration services. They perform emergency restoration services in residential including emergency response, water damage restoration, flood damage, fire and smoke damage, wind and storm damage and mold remediation services. They can also provide a complete set of remodeling services, including kitchens and baths. This business is also certified for blood borne pathogens and Hazmat certified. Seller currently has a B Contractor’s License, and a Contractor’s Licenses of some sort or arrangements made would be needed. They can provide services to clean up and repair commercial, residential, and institutional structures. Currently they do approximately 70% Residential and 30% Commercial. In a recession or not, the services provided by this business will still be in demand.
Competition
This business has strong relationships with insurance providers (corporate contracts with insurance carriers), who are their source of business when insurance claims are fulfilled by the work they do. The franchise is the strongest in restoration franchises and there are over 400 independently owned and operated franchises across the United States and Canada. This franchise network is known for its innovation and has pioneered many initiatives that have helped shaped the property damage restoration industry. The current Franchise Disclosure Document (FDD) will renew in January 2023 and will have a 10-year term on the agreement. The franchise transfer fee is significantly less than what would be required in purchasing a new territory.
Growth & Expansion
There is significant opportunity for growth with each office allowed to have 800,000 and this current territory is at 400,000, and another territory could be purchased and serviced from this office. It would be a chance to double revenue quickly.
Support & Training
The Seller is willing to provide training for 4 weeks at 30 hours per week. Additional training from the Seller is available beyond what is included in purchase price at mutually agreed to terms between the Buyer and Seller.
Financing Comments
Partial Seller financing is available dependent upon the price offered and the quality of the Buyer.
Reason for Selling
The reason for selling is Sellers are looking to retire.
Detailed information
- Year Established: 2012
- Home Based: No
- Franchise: Yes
- Relocatable: Yes
- Required Licenses:
- Is Property Leased: Yes
- Real Estate Included: No
- Real Estate Available: N/A
- Real Estate Value: N/A
- Part-time Employees: N/A
- Full-time Employees: 12
- Building Size: 2000 sq ft
- Monthly Rent: $2,700
Broker License ID: 02100708
Listed By: Adriana Sargent
Background information
Reference:
SC2100
Year established:
2012
Reason selling:
The reason for selling is Sellers are looking to retire.
Operations
Employees:
Full-time Employees:12 Part-time Employees: N/A
Equipment:
Upon Request
Inventory:
Upon Request
Premises
Facility:
Building Size: 2,000 square feet with rent at $2,700. Second is 15,000 square feet of warehouse space at $3,400 per month. Is Property Leased: Yes Real Estate Available: No
Square footage:
2000 sq ft
Rent and lease terms:
Business rents 2 facilities. One is 2,000 square feet with rent at $2,700. Second is 15,000 square feet of warehouse space at $3,400 per month.
Location:
Northern California
Opportunities
Growth:
There is significant opportunity for growth with each office allowed to have 800,000 and this current territory is at 400,000, and another territory could be purchased and serviced from this office. It would be a chance to double revenue quickly.
Market:
This business has strong relationships with insurance providers (corporate contracts with insurance carriers), who are their source of business when insurance claims are fulfilled by the work they do. The franchise is the strongest in restoration franchises and there are over 400 independently owned and operated franchises across the United States and Canada. This franchise network is known for its innovation and has pioneered many initiatives that have helped shaped the property damage restoration industry. The current Franchise Disclosure Document (FDD) will renew in January 2023 and will have a 10-year term on the agreement. The franchise transfer fee is significantly less than what would be required in purchasing a new territory.
Price and terms
Price:
$1,790,000
Down payment:
$1,790,000
Financing:
Partial Seller financing is available dependent upon the price offered and the quality of the Buyer.
Training:
The Seller is willing to provide training for 4 weeks at 30 hours per week. Additional training from the Seller is available beyond what is included in purchase price at mutually agreed to terms between the Buyer and Seller.