SC Moving Claim Damage Resolution Furniture Asset

Summerville, SC
Dorchester County

Metro Area


Asking Price: Annual Revenue:
$119,000 $77,000

Services: Moving & Storage


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

Quick Facts

Asking Price: $119,000
Annual Revenue: $77,000
Net Profit: $52,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2014
Employees: 2
BBN Listing #: 662462768
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

This is an ACTIVE and very PROFITABLE franchise!!!
Covering Summerville, SC and area codes: 290, 294 and 298

The Most Qualified Potential Buyer is one who is:
Physically active
Handy and enjoys fixing things
Patience with clients and situations
Even an executive or management role
"A" personality people

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.

Your primary CURRENT and ACTIVE customers are moving and claims handling companies, furniture company delivery/ warranty repairs and for those of you who are even more interested in growing this business even further, private furniture repairs and restoration are also available 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 to be done by qualified 3rd parties. These repairs include, but not limited to, appliances, exercise equipment, etc. Property damage to walls, floors etc. are typically subcontracted out as well by the current franchisee owner. But this will be the choice of the purchaser of this existing and very profitable franchise.

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 and profitability.

Their minimum standard is EXCELLENCE!!!!!!!!

This franchise’s current business activity is primarily a direct result of moving companies, submitting actual “Damage Claim Work Orders” for damages caused by that moving company's employees/contractors - termed "Claims Handling." This will include claims for local, national and international moves to the Charleston, SC areas. Payment for these services comes directly from the moving companies and or their insurance company who have submitted these “Damage Claim Work Orders.”

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 its insurance companies - will then contact this franchisor to request their local franchisee to schedule an on-sight appointment (a face-to-face visit with the owner of these assets). Although, there is also software to remotely do some of these "damage claims" estimating from the franchisee's office!! 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 its insurance company - with the franchisee’s invoice for the fee for this assessment as well as the estimated cost for repair. The franchisee is paid for this estimate, regardless if the actual repair is request and performed. The moving company - or its 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 moving company or insurance company decides to do with the original asset-owner, they pay the franchisee for their inspection work. Sometimes inspection and repairs are pre-authorized up to a specified dollar amount and repairs can commence immediately after the estimate is completed - up to the pre-authorized amount.
4. If a repair is requested by the moving company - or its insurance company - the franchisee then follows up with a report prepared on franchisor’s proprietary web-based systems
5. If agreed to, that moving company or insurance 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 will be for “specialist” required for items like appliances, art restoration, bicycle shops, etc. The franchisee will then add a fair amount to these subcontractor's bills for additional profit to the franchisee.
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 provided 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 this advertisement including, but not limited to, financial information, policies, procedures, working environment and solicitations and facility information. Further, buyer understands and accepts the fact that all information provided in the advertisement is approximate and or an estimate 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:

The current owner prefers to do ALL Estimates and Repairs themselves. You've the potential of growth, almost exponentially, if you outsource some of this!!!! Also, Seller are not charging their full rate for all repairs. While you can't dramatically increase the fees, at least bring them to a full and equitable market rate. There are also other opportunities in: 1. Direct repairs with individuals 2. Hotel/motel furniture repair from guest's misuse of their furniture How much do YOU want to make??? Competition / Market: Realistically, there really isn't much in the way of competition. REALLY!!! This franchisor is the best know provider of these services nationally!

Reason for Selling:

Retiring

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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