Business Overview:
Here is a desirable franchise business that specializes in water damage mitigation, fire mitigation, mold remediation, and duct cleaning - focusing on indoor air quality. The business has high demand as well as great potential for growth in the mitigation world. They are the first responders when customers face emergencies such as severe mold growth, burst water main, and more. They work quickly and efficiently to tackle the problem and prevent further more costly damage.
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Property Features and Assets:
The business is housed in a multi-use space, including a reception area, office space, storage, a work room, and a garage/shop area. The facility is located right off a main road with easy access to multiple freeways.
Assets = $130,444.
Market Competition and Expansion:
IBIS World reports that the remodeling industry creates $14B in annual revenues. From 2016-2021 there was .5% in Annual growth and projects 3% Annual Growth from 2021-2026.
Specifically, IBISWorld forecasts industry revenue to increase an annualized 3.0% to $4.6 billion over the next five years as both consumer spending and industrial production are projected to increase strongly. Improving economic sentiment typically encourages households and businesses to spend more on goods and services which may otherwise be eliminated to cut expenses during economic downturns. Continued climate variability will bode well for industry operators.
IBIS World reports that the demand for the remediation industry services has grown over the five years to 2021 as climate change and an overwhelmingly favorable macroeconomic environment has spurred consumers, businesses and other customers to use industry services. In particular, consumer spending has increased an annualized 1.8% over the five years to 2021, while the industrial production index has risen an annualized 0.6% during the period. As a result, industry revenue has increased an annualized 0.5% to $4.0 billion over the past five years, including an increase of 3.2% in 2021 alone. Specifically, IBISWorld forecasts industry revenue to increase an annualized 3.0% to $4.6 billion over the next five years as both consumer spending and industrial production are projected to increase strongly.
Reason for Selling:
Owner 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 a franchise resale opportunity.
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