Insurance Damage Construction

Not Disclosed, WA
King County

King, North Pierce & South Snohomish Counties


Asking Price: Annual Revenue:
$180,000 $978,944

Services: Construction, Contractors


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RE: Insurance Damage Construction Broker: Claudia Smith

Quick Facts

Asking Price: $180,000
Annual Revenue: $978,944
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $55,000
Real Estate: Not Disclosed
Year Established: 2016
Employees: 5
BBN Listing #: 7544955
Broker Reference #: 8002-16941

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Business Overview:

This is a niche in the construction business that is always in demand; remodeling and restoration. It was hit hard during COVID and is on track to reaching previous revenues of over $1M. The business has retained 2 crews and a Lead Field Supervisor which is the biggest need in the construction business. Currently, the business works with insurance companies to do remodeling & restoration for homeowners with damaged residences from fire or water or mother nature. The business could easily add commercial tenant improvement and general home remodeling to its services. There are, also, 5 vehicles and all the necessary equipment that convey.

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Property Features and Assets:

The business is located in a light industrial park in 1,400 Square Feet @ $3,500/month with an option to renew for 3 years. There is a small office and warehouse to house the equipment, supplies and vehicles. Assets = $76,000

Market Competition and Expansion:

The main competition are other larger contractors who do the same work. Cummings Northwest Construction Market Analyst’s website states, Seattle construction is well on its way to a full recovery from the fallout of the last year. Unemployment has been holding at about 6%, similar to last March. It is expected to fall further as life returns to normal. Construction employment, meanwhile, has made a full recovery. With a high cost of living, continued demand for construction, and a volatile labor market, we expect construction costs to slowly but steadily increase throughout 2023. IBIS World Reports: as construction activity expanded and demand for industry services increased, industry operators were able to command relatively higher prices for their work. As a result of renewed demand, over the five years to 2021, the number of industry operators is expected to increase at an annualized rate of 3.7% to reach 482,573 enterprises. Accordingly, operators expanded their labor forces to meet rising demand for services, causing the number of industry employees to increase at an annualized rate of 3.3% to 760,839 workers. There is plenty of work for everyone. In this business the demand is higher than delivery capability. The owner says growth is exponential by adding labor to the 2 existing crews and Lead Field Supervisor. Cummings Construction Market Analysts website states, Seattle construction is well on its way to a full recovery from the fallout of the last year. Unemployment has been holding at about 6%, similar to last March. It is expected to fall further as life returns to normal. As a result of renewed demand, over the five years to 2021, the number of industry operators is expected to increase at an annualized rate of 3.7% to reach 482,573 enterprises. Accordingly, operators expanded their labor forces to meet rising demand for services, causing the number of industry employees to increase at an annualized rate of 3.3% to 760,839 workers.

Reason for Selling:

Owner is pursuing other interests.

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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