Residential & Commercial Restoration - $210k Owner Income
Location Cincinnati, Ohio, United States
Asking Price Range $500K - $1.0M
Gross Revenues $1050000
Net Profit / Cash Flow $210000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1997
Number of Employees 6 - 9
Inventory 115000
Relocatable Yes
Number of Employees 6 - 9
Real Estate Owned
Training Yes.
Reason for Sale Retirement.
Description This independent business with over $1 million in sales provides skilled craftsmen to restore residential and commercial structures and property that have been damaged by fire, water, wind or hail. The company provides 24 hour emergency service. The payment for services rendered typically come from the insurance companies. They have serviced the Greater Cincinnati and Northern Kentucky areas for over 10 years. This is a recession proof business that has provided the seller with income and benefits exceeding $200,000 per year. This is not a seasonal business and the incoming work stays steady throughout the year. The company has never had to lay off an employee in their history. They are well known in the industry and have worked with most major insurance carriers and are Preferred Contractors to several of the carriers. In addition, they are a certified firm with the Institute of Inspection, Cleaning and Restoration. Sellers have done very little sales or marketing of their company, but have grown through reputation and experience in the industry. This is a solid business that can be grown through making more sales contacts throughout the insurance industry. This is not a franchise and there are no territory restrictions. The seller is willing to stay on through a transition period to ensure your success, but the company also has seasoned employees that will guide you in the long term. Assets included in the sale are company vehicles and extensive equipment, inventory and supplies, along with office furnishings. Seller wants to sell the business to a buyer that will continue to run it profitably and successfully. The sellers are planning for an early semi retirement to pursue passive income in a hobby related field of interest. Asking price is $650,000. Email or call Dan Long at 513-321-7666 for more information on this Restoration business for sale.
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