Business Overview:
A recognized western Chicagoland adjuster/remodeling business has established a strong foundation for future growth for the next owner.
Key Investment Considerations:
• Recognized industry leader, this licensed insurance claim adjuster specializes in exterior remodeling work.
• Strong reputation for quality materials, superior craftsmanship and ability to guide customers through the complexities of the remodeling and insurance claim process.
• Opportunity to build business through targeted retail marketing to supplement referrals received via established network of qualified contractors.
• Well-positioned to rebound from lagged effect of COVID-19 pandemic on the insurance adjuster guidelines and processing of claims.
Focused on quality materials and the best craftsmanship available, the owners have changed the way consumers purchase exterior remodeling projects. Its reputation over the years has built its success on repeat and referral business.
Owners established this western Chicagoland suburb business in 2013. Growing at an incredible pace of 40% per year, they have established their firm as an industry leader. Focusing on quality materials and best craftsmanship available, they have built their business on repeat and referral business. The owners have changed the way consumers purchase exterior remodeling projects.
Increase in spending on home improvement activities by rental property owners owing to a surge in rental demand is expected to foster further growth.
Per Global Market Insights (see https://www.gminsights.com/industry-analysis/us-home-remodeling-market), the U.S. Home Remodeling Market size exceeded $340 billion in 2020 and is expected to grow by over 4.1% compound annual growth rate (CAGR) between 2021 and 2027.
Shifting consumer trends toward more advanced home technologies as well as security features followed by several convenient components including weather control appliances, smart lighting, etc., which is likely to cater to the market expansion.
There are over 400,000 remodeling contractors in the U.S. and is continuing to grow. A long-standing management team and key employees are key among those that are in the top decile of firms in this field.
To date, a significant portion of the business has come through repeat customers and referral clients. Upside would include more comprehensive marketing that would include but not be limited to social media and direct mail.
Seller financing is being offered to qualified buyers.
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Reason for Selling:
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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