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Res'l & Comm'l Restoration Co - $210K Income for Sale in Cincinnati

Reference #: 41420106
Location: Cincinnati
Price: $650,000
Amount Down: $650,000
Revenues: $1,050,000
Discretionary Earnings: $210,000
Total Assets: $115,000
Business 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.


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The information above has been provided by the seller and/or the seller's financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business.