Well Established Restoration Business

Portland, ME
Cumberland County


Asking Price: Annual Revenue:
$990,000 Not Disclosed

Services: Home Improvement, Repair, Painting


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RE: Well Established Restoration Business Broker: Seller of Business

Quick Facts

Asking Price: $990,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: $280,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2018
Employees: 8
BBN Listing #: 814063154
Broker Reference #: 1814

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Business Overview:

They have an excellent track record with real estate agents and property managers. Most of their mold work is from referrals.

We are a preferred vendor for Liberty Mutual, Allstate and Travelers Insurance. We are the top ranked vendor for Allstate in the state of Maine. Due to our standing we receive 40% of all Allstate mitigation claims in our territory.

We also work with national TPA (Third Party Administrators) such as Alacrity, Code Blue, Contractor Connection and others. We actually handle all of the Starbucks in our territory for their bio hazard cleanups. We are top provider for Home Advisors.

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Property Features and Assets:

We are a preferred vendor for Liberty Mutual, Allstate and Travelers Insurance.  We are the top ranked vendor for Allstate in the state of Maine.  Due to our standing we receive 40% of all Allstate mitigation claims in our territory.   We also work with national TPA (Third Party Administrators) such as Alacrity, Code Blue, Contractor Connection and others.  We actually handle all of the Starbucks in our territory for their bio hazard cleanups.  We are top provider for Home Advisors.

Market Competition and Expansion:

Employees: Project Manager – One of the best in the area, solid skill level and best employee I have ever had. He manages all of the paperwork and estimating of jobs. 2 Lead Technicians – run the jobs 5 Technicians – various levels of experience. Equipment: 5 work trucks (2 vans, 2 box trucks and a F250), oldest is a 2015 and newest is 2019. Enclosed Trailer Roughly 80 air movers Roughly 15 dehumidifiers Air movers and dehumidifiers are all relatively new, low hours. 4 air scrubbers Dragon heater (never used, paid $5k for) Brand new IBEX Media Blaster (paid $20K for last year) Floor drying system Carpet Cleaning Machine Multiple other pieces of equipment

Reason for Selling:

Other businesses.

Additional Details:

  • The property is owned.
  • The owner is not 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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