NY Moving Claim Damage Resolution Furniture Asset

Holtsville, NY
Suffolk County

Metro Area


Asking Price: Annual Revenue:
$59,000 $70,000

Services: Moving & Storage


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RE: NY Moving Claim Damage Resolution Furniture Asset Broker: Jerry Medrill
License #: 01487127

Quick Facts

Asking Price: $59,000
Annual Revenue: $70,000
Net Profit: $42,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2016
Employees: 1
BBN Listing #: 975662768
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

THIS IS AN ACTIVE AND PROFITABLE EXISTING FRANCHISE IN A PROTECTED TERRITORY!!!

Niche Business!

The Most Qualified Potential Buyer is one who is:
Physically active
Handy and enjoy fixing things
Patience with clients and situations
Currently or - recently removed from - an executive or management role
A “people-person”

This is a niche business dealing primarily with handling moving company damage claims, making furniture repairs and using other 3rd party sources to make repairs to such things as appliances, exercise equipment, art restoration and anything that gets damaged in a home or company move including damage to the home and or business property itself such as floors, walls, etc.

The primary customers are moving and claims handling companies, furniture company delivery/ warranty repairs, although private furniture repairs and restoration are sometimes taken on a time-permitting bases.

Services include conducting in-home inspections of items claimed as damaged by the asset-owner, in home or in shop furniture repairs, as well as arranging for other repairs with qualified 3rd parties including appliances, exercise equipment, etc. Property damage to walls, floors etc. are typically subcontracted out - if the franchisee so chooses.

This franchise is also locally and nationally recognized for being the best in the industry!!!!

This franchisor can legitimately boast over 50 years of transit claims experience.

Their minimum standard is excellence!!!!!!!!

This specific franchise – what is being offered for sale in this ad - covers all of Eastern NY, Southern VT and Western Massachusetts. This franchisor has listed this as a protected territory. It was started by the original owner in approximately 2000 and then purchased by the current owner/franchisee in 2016.

There are no additional franchises available within the entire USA!!!!! To own one, you must purchase an existing franchise… if and when they become available. They typically sell for 1.5 times to 2.5 times the net, provable income of this territory owner.

This franchise’s business activity is primarily a direct result of moving companies, submitting actual “Damage Claim Work Orders” for damages caused by that moving company - Claims Handling. This will include claims for local, national and international moves to the Eastern NY, Southern VT and Western Massachusetts area. Payment for these services comes directly from the moving companies who have submitted these “Damage Claim Work Orders.”

Original owner does zero advertising!!!!! The franchisor is the only one offering any type of advertising. Franchise owners pay a low monthly fee for advertising and a low royalty fee.

The process:
1. A moving company damages furniture, equipment, collectibles, physical property, etc. they were hired to move
2. If something is damaged in this move, a claim is filed by the owner of those assets
3. These moving companies - or insurance companies - will then contact this territory franchisee to schedule an on-sight appointment (a face-to-face visit with the owner of these assets). The franchisee inspects and documents - with photographs - the claimed items. Upon completion of this inspection, an evaluation/quote for the repair(s) is sent directly - and ONLY - to the moving company - or insurance company - with the franchisee’s invoice for the fee for this assessment as well as the estimated cost for repair. The moving company - or insurance company - will then determine if they want to pay for the repairs or simply issues a check to the asset-owner to purchase replacement items. But no matter what the company decides to do with the original asset-owner, the company agrees to pay this franchisee for their inspection. Sometimes inspection and repairs are pre-authorized up to a specified dollar amount and repairs can commence right away up to the authorized amount.
4. If a repair is requested by the moving company - or insurance company - the franchisee then follows up with a report prepared on franchisor’s proprietary web-based systems
5. If agreed, that company than contracts this franchisee to authorize the repair work at the amount the franchisee quoted. Many work orders involve inspections and submittal of a report with no repairs. However, these types of “inspect only” work orders are very profitable and numerous.
6. Most repairs are provided in the asset-owner’s home or businesses

There are four main sources of revenue:
1. Inspection/evaluation report production
2. Furniture and miscellaneous repair
3. Subcontractor billing for “specialist” required for items like appliances, art restoration, bicycle shops, etc.
4. Private repairs and or refinishing

Basic requirements for a potentially successful new franchise owner:
1. Good communication and people skills
2. Being handy and having good problem-solving skills
3. Have good report writing skills or have an assistant who does

Franchisor provides:
1. Exceptional training on all aspects of claims handling, furniture repairs, miscellaneous repairs, etc.
2. Repair skills are taught during the franchisor’s three week training classes

ALL FINANCIAL INFORMATION PROVIDED IN THIS ADVERTISEMENT IS APPROXIMATE AND FOR DISPLAY PURPOSES ONLY. BY INQUIRING ABOUT THIS ADD, BUYER ACKNOWLEDGES THAT BUYER ACCEPTS FULL RESPONSIBILITY FOR ALL AND ANY VERIFICATION FOR AND OF ANY INFORMATION IN THIS ADVERTISEMENT. BUYER AGREES TO NOT HOLD BROKER AND OR BROKER'S AGENCY RESPONSIVE FOR ANY MISTAKES.

(ALL INFORMATION SUPPLIED IN THIS AD IS FROM THE SELLER AND MUST BE VERIFIED BY THE BUYER. FURTHER, BUYER ACCEPTS FULL RESPONSIBILITY FOR VERIFICATION OF ALL INFORMATION GIVEN IN THE ADVERTISEMENT INCLUDING, BUT NOT LIMITED TO, FINANCIAL INFORMATION AND FACILITY INFORMATION. BUYER UNDERSTANDS AND ACCEPTS THE FACT THAT ALL INFORMATION IS APPROXIMATE AND OR ESTIMATED AND THEREFORE CANNOT BE RELIED ON TO MAKE AN OFFER TO PURCHASE THIS BUSINESS)

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Seller uses his garage for repairs. Seller uses third party repair people for any items Seller cannot repair at the customer's home/facilities. (Home Based)

Market Competition and Expansion:

Competition: Realistically, there really isn't much in the way of competition. REALLY!!! Is franchisee is the best know provider of their services nationally! Growth & Expansion: Current owner is ONLY working on projects given to him from his current customers. This owner doesn't go after ANY of the ancillary/ additional revenue streams available to him. He is content running this business at about 25 hrs. per week.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is a franchise resale opportunity.

Relevant Links:

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