Business For Sale

Water Proofing and Mold Remediation Business-31018

Not Disclosed, CT
Fairfield County


Asking Price: Annual Revenue:
$550,000 $679,255

Services: Cleaning


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RE: Water Proofing and Mold Remediation Business-31018 Broker: Joseph Stansky
Owner Financing is Available!
$375,000.00 Down & $175,000 over 3 years @ 5%.

Quick Facts

Asking Price: $550,000
Annual Revenue: $679,255
Net Profit: Not Disclosed
Cash Flow: $231,461
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 4
BBN Listing #: 79584447
Broker Reference #: 31018

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Business Overview:

This basement waterproofing and mold re-mediation company has been in business for over 10 years, and the owner has over 50 years of waterproofing experience. They operate in the Tri State area, covering Northern New Jersey, all of Connecticut and Long Island, all five Boros, Westchester, Putnam, Dutchess and Orange County in New York. They are experts in completely drying out basements and crawl spaces. They install the most effective waterproofing system available (as per research done by the University of Minnesota) and have an iron-clad warranty that the customer will NOT leak through the entire wall or floor, for as long as the customer owns the home, and is transferable on sale to one more owner. They do both commercial and residential work. Many leads come from Home Advisor. Margins are over 33%. Foundations are inspected from the inside and outside. They also will inspect for mold and, if found, offer a remediation solution.The company is a licensed and insured Home Improvement contractor, doing business in New York, New Jersey and Connecticut. They have done work for homeowners, builders, engineers, management companies and architects. They have an A with the Better Business Bureau, have thousands of satisfied customers, and can fix virtually any water problem. Financing option available. The new owner must have a strong sales background and be a closer. Business comes with 150-page Pitch Book. Currently operating with one installation crew, that has been with the company for many years. New owner can hire more salespeople, and seller can help the buyer put together more installation crews to expand. All are 1099 independent contractors. Two suppliers will deliver to any job site. Owner will stay for long training and transition period. This business is home-based, you just need a small garage space for some inventory. This is a unique opportunity. Contact broker Joseph Stansky for more details.

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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 not a franchise resale opportunity.

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