Business for Sale Overview:
This business enterprise is composed of two separate protected franchise territories and was founded by the current owner in 1977. The business specializes in providing water restoration, fire restoration, and mold/fungi remediation services to residential and commercial customers in the 6-county Chicago Metro Region (Cook, DuPage, Will, Kane, Lake, & McHenry Counties). Over the past 33 years, the business enterprise has established solid working relationships with major national and regional insurance companies, independent and franchised insurance agents & adjusters, commercial property management companies, municipal fire protection and police departments, hotel and motel chains, industrial hygienists and engineers, and plumbing contractors. Despite the sluggish economy, this business enterprise has maintained solid gross annual revenue and profit margins over the past 2.5 fiscal years. This is truly a recession-resistant business. A/R aging is also solid (21 days-45 days). All systems are in place , especially Human Resources, to enable the new owner to smoothly assume control. The business employs 4 f/t managers, 1 p/t service representative, and 5 project managers. All project managers have a performance-driven compensation plans. All management employees have 5-28 years of tenure with the business. There are numerous new business development and growth opportunities that could easily enable the new owner to generate +$2.0M of Gross Annual Revenue. OTHER INFORMATION: The Seller will offer substantial financing for the right buyer. Two SBA-preferred lenders have expressed interest in financing the transaction. REASON FOR SALE: Retirement. Please note that the Seller is amenable to maintaining a consulting relationship with the new owner for as long as necessary.
For more information, contact Dave Hayes at 847-605-1510 Ext 241, 773-837-4741 (Mobile), or e-mail DaveHayes@sunbeltnetwork.com
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
Owner retirement.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.