Seller's Contact Information
- RE: Customized Claims Adjuster: Meet Your Needs
- Contact: Michelle Seiler
Quick Facts
| Asking Price: | $0 | |
| Annual Revenue: | $1,674,688 | |
| Net Profit: | $719 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 11 | |
| BBN Listing #: | 549753282 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
This profitable insurance adjusting company handles a diverse range of insurance claims but specializes in maritime, property & casualty, and workers’ compensation for the oil & gas industry. The company’s product mix has remained stable over the last several years, and it is on track demonstrating exponential growth year over year. The company’s revenue is expected to grow at a compounded rate of 7.89% from 2022-2025. Additionally, its EBITDA is projected to grow 8.44% compounded annually over the same period. The company has a skilled workforce ready to step up and continue under new ownership.
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Property Features and Assets:
The company operates from two facilities. Both facilities have recently been remodeled and are in excellent condition and sufficiently meet the company's needs.
Market Competition and Expansion:
The company offers customized work product tailored for the oil & gas industry. Because its offerings are niche specific, the company operates with minimal competition. Great potential for growth! Overall, industry revenue is expected to increase at an annualized rate of 3.9% over the next several years. While increases in operational costs have dampened industry profit, strong revenue over the same time has tempered these declines. Strong industry revenue growth in the period continued despite the COVID-19 (coronavirus) pandemic as demand for health-related services increased, aiding the industry. In general, revenue from insurance funds, the industry's largest market segment, directly affects claim adjusters.
Reason for Selling:
Retire, pursue other interests.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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