10 Year Fire, Water & Mold Repair Company Primed for Franchise Expansion- AOV $2365

Asking Price:
$550,000
Sales:
$277,909
Profit:
$156,129
Year Established:
2012
Multiplier:
3.5x

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SellerForce® presents a business that helps home and business owners keep their families and staff healthy and their properties in the best shape possible. Operating throughout 8 counties in New Jersey, this 10-year-old company is known within the area to be a trusted provider of mold, fire, and water damage restoration services. They work tirelessly to keep their edge over their competition, and have implemented greener products, quick response times, and even a special promotion that gives them more favorable prices.

The company features 9 services that target some of the most common issues that a property owner might encounter. These include mold remediation, fire and water damage recovery, air quality testing, and, most recently, duct cleaning services. They use non-toxic, organic products, as well as environmentally friendly cleaning technologies to keep their services safe for both their clients and the planet.

They offer 24/7 emergency services along with quick response times, which lets clients in desperate need of a sudden restoration get the prompt help that they need. Their speed is not the only factor behind their glowing reputation, however, as the quality of their service regularly speaks for itself. Additionally, the company has also created a trademarked promotion for clients who might be on the fence about which restoration business to hire. This deal guarantees a 20% savings off a mold estimate from a rival company, making them an even more appealing choice for their potential customers.

The company has required no marketing spend to grow, instead prospering from the strong rate of organic traffic that surrounds them. Their clients regularly spread word of their services to their friends, relatives, and other contacts, testifying to the quality of their services. They also generate leads from Google, HomeAdvisor, and lunch and learns conducted by their realtors. The company supplements this through an SEO plan, and with these strategies, has been able to become a well-respected, trusted name in their industry.

Their realtors are also helpful in making deals with clients go as quickly, and as smoothly, as possible. They waste no time in scheduling to avoid any delays in the closing process, offer special discounts for referring the company’s services, and provide pay at closing options.

There are many channels through which they could spread and develop even further. The company just expanded the and now consists of a four-member crew and one estimator, making them primed for rapid expansion.

Additionally, more crews would make it far easier to expand and cover more ground. A new team located further north would allow them to raise their number of service areas and let them target a broader client base. The company could also choose to expand into metropolitan areas, which, given their sizes, would consistently provide them with more work.

Adding onto their existing services would also be a step in the right direction, as shown by the strong results they experienced upon creating their air duct cleaning service. The company already has plans to implement new testing services to cover asbestos and lead paint, which, given how dangerous the two can be, are incredibly promising. A larger customer base and stronger sales would make it easier to implement a franchise model as well, which the brand would benefit from in the long-term.

They may also wish to market to insurance companies, as many have lists of preferred vendors that they return to time and time again. Though most companies already use a certain brand, many are willing to accept other estimates as long as they’re clearly itemized and are the more affordable option. By offering their competitive prices and 24/7 services, they could market to these businesses, building relationships and creating consistent streams of income in the future.

This acquisition comes with multiple benefits for the buyer, such as their experienced team, healthy reputation, and even multiple vehicle assets to keep sales going post-transition. The ideal buyer would use these advantages in order to best take the business to the next level.

The company is in a great place to expand, with a client base eager to recommend them and over half a decade’s worth of experience under their belt. If you’re interested in learning more, then contact SellerForce today.

Listing ID: SF93

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