Profile: Risk Management/Consulting Service.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Dave Haug, Broker
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| Primary Phone: |
858-391-3388 |
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| Alternate Phone: |
None Given |
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| DRE Number: |
01197451 |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
10/15/09 |
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| Date Last Revised: |
10/15/09 |
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| BizBen Ad #: |
139656 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$1,250,000 |
| Down Payment: |
$1,250,000 |
| Annual Revenue: |
$559,427 |
| Annual Adjusted Net: |
$376,377 |
| Price Range: |
$1 Million to $2 Million |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Call |
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Description:
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Summary
The Business Provides Consulting Services (Risk Management) To Subcontractors When Sued By Developers And/Or Homeowners Associations Relating To Construction Defects Of Residential Home Building. The Business Services Include Insurance Coverage Analysis, Civil Liability And Exposure To The Contractor As A Result Of The Clients Work On The Project Directing The Defense Of The Contractor Through The Course Of Civil Litigation. The Business Has Clients In Caifornia, Nevada, And Arizona That Include Mid Level To Large Subcontractors Such As: Framers, Finished Carpenters, Concrete Subcontractors, Landscapers And Roofers.
Marketing Summary
The Business Is An Associate Member In Calpasc (California Professional Association Of Specialty Contractors) Which Actively Sponsors And Promotes Legislative Changes In The California State Legislature, Participates In Statewide Seminars Regarding Risk Management And Laws That Favor And Disfavor Contractors, And Actively Participates In Various Trade Functions Promoting Its Services To The Contractor Trade. New Clients Are Introduced Through Referrals And Trade Functions.
Strengths Summary
The Business Was Established In 1999 And Enjoys A Good Reputation In The Market. There Is No Competition That The Seller Is Aware Of And No Competition Is Expected In The Future. There Are Other Larger Companies Which Provide Claim Handling Services To Insurance Companies Or Managing General Agents For Insurance Companies, However, The Seller Is Not Aware Of Any Other Company That Offers Risk Management To Contractors Directly.
Hours And Staffing
Office Hours Are 8am To 5pm Monday Thru Friday, However, More Often Than Not The Personnel Work Late Into The Evening Because Of The Work Required. Currently The Business Employs Three (3) Contract Employees Which They 1099 At Years End And No Benefits Are Provided. Two Other Contract Employees Are Used In Addition On An "As Needed" Basis.
Area And Facilities
The Office Is Located In An Industrial Park In Orange County With 1783 Sq. Ft. Of Which Approximately 350 Sq. Ft. Is Sub-Leased.
Company History
The Business Was Established In 1999.
Additional Information
The Seller Bills His Clients At 110.00 Per Hour And Receives 0.50 Per Mile For Drive Time. Revenues Were 53,744 For January 2009.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Dave Haug, Broker at 858-391-3388 Non Disclosure Agreement |
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