Seller's Contact Information
- RE: NC Moving Claim Damage Resolution Furniture Asset
- Contact: Jerry Mendrill
- License #: 01427187
Quick Facts
| Asking Price: | $95,000 | |
| Annual Revenue: | $204,000 | |
| Net Profit: | $121,000 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1985 | |
| Employees: | 1 | |
| BBN Listing #: | 38262768 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
This is an ACTIVE and very PROFITABLE franchise!!!
The Most Qualified Potential Buyer is one who is:
Physically active
Handy and enjoys fixing things
Patience with clients and situations
Evan 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 Charlotte, NC 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, irregardless 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.
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) (Home Based) (Home Based) (Home Based) (Home Based)
Market Competition and Expansion:
Competition: Realistically, there really isn't much in the way of competition. REALLY!!! This franchisor is the best know provider of these services nationally! Growth & Expansion: Current owner does zero repair work. They outsource all of their repairs to a subcontractor. Just imagine home much more you could make if you did it yourself!!!
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
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