Posting ID: 276379
This Northern California-based restoration franchise is a California S-Corporation and was established in 2012 providing full restoration services throughout Northern California. They provide full-service water, fire, and mold cleanup along with complete restoration services. They perform emergency restoration services in residential including emergency response, water damage restoration, flood damage, fire and smoke damage, wind and storm damage and mold remediation services. They can also provide a complete set of remodeling services, including kitchens and baths. This business is also certified for blood-borne pathogens and Hazmat certified. The seller currently has a B Contractor's License, and a Contractor's License of some sort or arrangements made would be needed. They can provide services to clean up and repair commercial, residential, and institutional structures. Currently, they do approximately 70% Residential and 30% Commercial. In a recession or not, the services provided by this business will still be in demand.
This business has strong relationships with insurance providers (corporate contracts with insurance carriers), who are their source of business when insurance claims are fulfilled by the work they do. The franchise is the strongest in restoration franchises and there are over 400 independently owned and operated franchises across the United States and Canada. This franchise network is known for its innovation and has pioneered many initiatives that have helped shape the property damage restoration industry. The current Franchise Disclosure Document (FDD) will renew in January 2023 and will have a 10-year term on the agreement. The franchise transfer fee is significantly less than what would be required in purchasing a new territory.
Growth & Expansion
There is significant opportunity for growth with each office allowed to have 800,000 and this current territory is at 400,000, and another territory could be purchased and serviced from this office. It would be a chance to double revenue quickly.
Support & Training
The Seller is willing to provide training for 4 weeks at 30 hours per week. Additional training from the Seller is available beyond what is included in the purchase price at mutually agreed terms between the Buyer and Seller.
Partial Seller financing is available depending on the price offered and the quality of the Buyer.
Reason for Selling
The reason for selling is Sellers are looking to retire.
Year Established: 2012
Is Property Leased: Yes
Real Estate Included: No
Real Estate Available: N/A
Real Estate Value: N/A
Part-time Employees: N/A
Building Size: 2000 sq ft
Monthly Rent: $2,700
Facility: 2,000 square feet with rent at $2,700. The second is 15,000 square feet of warehouse space at $3,400 per month.
Asking Price: $1,790,000. Gross Revenue: $2,500,000. Cash Flow: $700,000.
Down Payment: $1,790,000. FF&E (Included): $450,000. Inventory: N/A
Broker: ProEquity Asset Management Corporation License ID: 01870526
To get more information about this Restoration Company - Recession Proof business for sale in Northern California please phone Adriana Sargent (Intermediary - BRE License #:02103897) at 408-981-7799 Call and 408-981-7799 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #276379 on BizBen.com. In addition to phoning Adriana Sargent, make sure you email Adriana Sargent above to get more info about this Restoration Company - Recession Proof, to ask any questions or request an appointment to see this business for sale. Thank you. License # 02100708. Sunbelt Business Brokers.
Asking Price: $1,790,000
Cash Flow: $700,000
Area: Northern California
City: None Given
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