Asking Price: $800,000

Gross Revenue: $730,478

Cash Flow: $276,506

Cash Flow Comments: Sellers Discretionary Earnings

Inventory: $66,450 (Included in Asking Price)

FF&E: $43,550 (Included in Asking Price)

Seller Financing: BizAdvocates will assist a qualified buyer with Third Party SBA financing including a line of (credit) working capital with 15-20% as a down payment. Unsecured seller financing is not encouraged except as part of a formalized Structured Sale that meets current IRS guidelines and/or, as may be required by a SBA lender.

This 25 year old business offers a full range of fire, water, and smoke damage restoration. They have an excellent reputation for quality work and friendly service. The business offers a start to finish service, and all projects are different making the work exciting and fast-paced. The revenues are primarily from insurance companies, which is dependable. You'll find enjoyment in helping people get their lives back together.

Marketing the business by offering seminars to insurance agents, insurance adjusters and real estate agents, that educate them on fire and water restoration. Increasing visits to insurance adjusters and agents from once a year to at minimum quarterly may greatly increase the volume of work. Possibilities for diversification of the business include: Crawl Space Containment and Refurbishing, Mold Remediation, Carpet Upholstery and Tile Cleaning, and Air Duct Cleaning.

Year Established: 1982

Employees: 6 full time - 6 part time

Facilities: A new, well-lit, comfortable facility includes an area for maintaining and storing content cleaning equipment and supplies, Real property is not included in the sale, however, the current owners are willing to negotiate an acceptable lease based on the expense guidelines of the third party appraisal.

Market Outlook and Competition: Two other companies offer restoration services, but neither are as well equipped or trained. The owners have a good working relationship with the other businesses.

Management Training and Support: The owners will provide four (4) weeks of training for the new entering party. In addition, the owners will be available for consulting advice during a transition period. The owners will sign a non-compete document and intend on remaining in the area.

Reason For Selling: Semi-retirement. The owners wish to seek a new venture.