Established Franchises - Business for Sale Details

RESIDENTIAL & COMMERCIAL RESTORATION SERVICES

Overview of the Business:

This restoration company serves both the residential and commercial markets, and is so successful that the owner has expanded into additional lines. After acquiring a few new, but separated territories, he plans to launch another enterprise and mentor his daughter for her to inherit and run. Thus, he decided to divest himself of his existing, fully developed, thriving business. This decision has created a tremendous opportunity for an investor to step right in and immediately generate meaningful cash flow - plus plenty of room for growth. Established in 1999, the business responds to all types of restoration jobs-carpet, floor cleaning, sewer, water, fire, mold, puffback (soot removal), and general household and janitorial cleaning. Twenty field workers manage to keep the 14 trucks humming along from job to job. The ancillary equipment that enables the jobs to be completed is extensive, and a full list of assets is estimated at $200,000. To aid in running the business, there are 3 marketing and 7 office staff that keep schedules running smoothly. New owner would, without a doubt, trim that staff and save over $100,000 annually – we will explain. Sales have averaged $2.26MM over the last 4 years with a corresponding, minimum Sellers Discretionary Earnings of $395K, or a healthy 17% of sales. Trends continue to rise through 2008 – and if we were to annualize the first 9 months of 2009 it would result in a staggering $650,000 ! Internal financials reported September ‘09 sales of $1,951,600 with the busy months yet to come. For more information on this incredible franchise operation, please call Ken George at 616.648.1132 – grandrapids@sunbeltnetwork.com .

Property Features and Assets:

Available for lease or purchase

Additional Details:

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