Fire and Flood Restoration Company

Not Disclosed, WA

Puget Sound area

Asking Price: Annual Revenue:
$1,050,000 $1,746,015

Services: Construction, Contractors

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RE: Fire and Flood Restoration Company Broker: Aaron Muller

Quick Facts

Asking Price: $1,050,000
Annual Revenue: $1,746,015
Net Profit: Not Disclosed
Cash Flow: $424,829
Total Debt: Not Disclosed
FF&E: $262,508
Real Estate: Not Disclosed
Year Established: 2002
Employees: 8
BBN Listing #: 279530494
Broker Reference #: ahmrestoration

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Business Overview:

This is a well-established, recession-proof company that specializes in the restoration of residential houses after fire, water, storm damage, and other natural and manmade disasters. Unlike most construction companies that are likely to suffer during a recession, this remediation / restoration / reconstruction company has steady work no matter the economy. In fact, it grew during the Great Recession. The company has developed relationships with several insurance companies over the years, and has a steady supply of work from adjuster referrals. The company is paid by the insurance companies and has deep knowledge of the insurance system. The staffing consists of seven full-time employees and one part-time employee, including a project manager, assistant project manager, estimator, restoration technicians, and bookkeeper. The owner works full-time in the business. The owner’s role includes general management and quality control. He also spends time working in the field doing primarily, carpentry. The buyer will need a general contractor’s license to run this business. Construction knowledge would be beneficial. Due to family reasons, the owner is moving out of State. This is a rare opportunity to acquire a recession-proof business and grow it to the next level.

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Property Features and Assets:

The company leases a commercial location in the Puget Sound area. Over $260,000 worth of equipment comes with the sale, including multiple vehicles.

Market Competition and Expansion:

This is one of the premier restoration companies in the Puget Sound area. The company is well-established and well-known for its quality work. It has deep working relationships with insurance companies. The company has spent very little on marketing. A new owner with fresh energy could focus on marketing and grow this company to the next level.

Reason for Selling:

Moving out of State.

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 not a franchise resale opportunity.

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