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Restoration Service Franchise

Location  Los Angeles, California, United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $3912053
Net Profit / Cash Flow  $1012238
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2002
Number of Employees  20 - 34
Inventory  270000
Relocatable  No
Number of Employees  20 - 34
Real Estate  Leased
Training  3 weeks at 30 hours/week
Reason for Sale  Other business ventures

This prominent national residential and commercial restoration maintenance franchise is the leading service provider throughout the country. This full service firm specializes in the repair of water and fire damage, mold remediation, storm catastrophes, and biohazard cleanup, as well as equipment, furniture and upholstery cleaning. As the franchisor provides excellent training, support, internet and national marketing exposure, as well as a direct connection to the nation's largest insurance carriers, this is the highest grossing Southern California franchisee. This recession proof business has consistently generated strong profits over the last four years, and its remarkably clean financials should make it an excellent candidate for SBA financing! Asking Price $2,300,000. The business operates out of a 6,900 square foot semi-industrial office-warehouse facility (11,000 square foot lot) that leases for $5,500 per month on a lease that expires April 2016 with a three year option. Assets to transfer in the sale include all of the furniture, fixtures, vehicles, franchise territory license, and equipment inventory with an original cost of over $200,000, as well as 11 vehicles. Competition is considered to be medium in this industry as there are a number of smaller independent companies that operate, however this firm's reputation, popularity and franchise support provide it a significant competitive advantage over other service providers. This business has excellent growth potential. Additional revenues could be generated with the addition of post-mitigation construction services by adding a Responsible Managing Employee (RME) with a contractor's license to oversee a construction division. Additional local marketing, participating in major storm events in other allowed markets, or a number of additional means of increasing revenues and profits also exist.

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