Profitable Restoration Business – NW OH and SE MI

Monclova, OH
Lucas County

662


Asking Price: Annual Revenue:
$550,000 $1,827,100

Services: Cleaning


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RE: Profitable Restoration Business – NW OH and SE MI Broker: Max Friar

Quick Facts

Asking Price: $550,000
Annual Revenue: $1,827,100
Net Profit: Not Disclosed
Cash Flow: $212,234
Total Debt: Not Disclosed
FF&E: $325,000
Real Estate: Not Disclosed
Year Established: 1985
Employees: 4
BBN Listing #: 117845079
Broker Reference #: 662

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Business Overview:

***Special Note: In a victory for small business buyers, the recent $900BB stimulus bill directs the SBA to pay the first 6 months of new SBA 7(a) loans approved between February 1 and September 30, 2021 (up to $9,000/month). Our advice: Don't wait. Find a quality business and get moving quickly. Banks will be busy this year and buyers that wait until July/August will likely lose out.

If you are a first-time buyer or a seasoned entrepreneur seeking to guide your own ship by stepping into a nicely profitable, fully-supported and established franchise, this is an excellent opportunity for you.

Founded in 1985, the company is a profitable commercial and residential restoration business. The company is well-staffed, fully equipped, and maintains the immediate potential for additional growth. Services include cleanup and repair damage to properties due to water, fire, mold, storm or other disasters.

The owner is ready to retire and seeking a buyer to continue the legacy that has been built.

Note from the seller: “I have enjoyed the entrepreneurial life for the last 35 years and I wouldn’t have traded it for anything. There is nothing more rewarding in life than to go through all the trials and tribulations of starting a business, being successful for 35 years, and when it is time to turn it over to someone who can take it to new heights you can feel rewarded for doing a good job.”

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Property Features and Assets:

6,200 sq. ft. facility triple net lease

Market Competition and Expansion:

Competition/Market Pros and Cons: Investment Highlights Include: (1) Trained and IICRC Certified Staff: In keeping with industry needs and standards, the Company’s staff members have been trained and received their Institution of Inspection, Cleaning and Restoration Certification. (2) National Accounts and TPAs: The company maintains many referral partners ensuring consistent business.? (3) Excellent Customer Reviews: The company has received many glowing reviews from satisfied clientele. Growth and Expansion Pros and Cons: (1) High Market Demand: The company’s services are in strong demand. (2) Advanced Marketing: Shifting marketing to gain more commercial business and using internet marketing tools could be very beneficial. (3) Emergency Services: Current ownership is making efforts to increase the Emergency Services division which has higher profit margins.

Reason for Selling:

Retirement.

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 a franchise resale opportunity.

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