Business Overview:
This restoration company is part of one of the fastest-growing brands in the $210 billion restoration industry. The company handles disasters and restorations such as water damage restoration, mold remediation, sewage cleanup, fire damage restoration, and more.
Under the CARES Act as revised by the Stimulus Act, if you use an SBA 7(a) guaranteed loan, this company qualifies for 3-months of principal and interest paid by the SBA to the lender on your behalf (for a savings of $9,948 for the loan shown). The loan payments paid by the SBA are not taxable. The SBA is also waiving its loan guarantee fee ($8,250 for the loan shown). The SBA guaranteed loan must be approved by the SBA before 9/30/2021, or earlier if funds run out.
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Property Features and Assets:
The Company leases a small office space and a warehouse.
Assets = $89,000.
Market Competition and Expansion:
There are approximately 15 other companies that specialize in disaster restoration in the Midlands of South Carolina.
There is minimal effort made to call on insurance companies which typically are good referral sources.
Reason for Selling:
Seller has other business interests that take his
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
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