Business To Buy

Residential Services Company focused on Insurance Repairs

Charlotte Metro, North Carolina
This company repairs homes, often following storm damage and needs a professional manager as owner. The work depends on the volume of summer storms so it is not bank finance-able but has excellent earnings even in a year with few storms, like 2012 when the owner’s cash flow was still $369K (it was $550,079 the year before). The founder developed the business model and internal systems to provide his clients with excellent service that aligns closely to insurance payments to homeowners. The company has top ratings with the BBB and on Angie’s List to differentiate itself from storm chasing competitors.

While the business model could be reproduced in additional cities, the owner is successfully experimenting with a more traditional model in another state. The owner is an entrepreneur and ready to cash out. Information released after NDA to financially qualified Buyers only.

Financials

Price: $690,000
Gross Income: $5,258,369
Cash Flow: $438,160
FFE: $0
Inventory: $0
Real Estate Value: $0

About the Business

Office Reference ID: #N568-LM/PC
Year Established: 2008
Financing: Seller will consider some financing
Training: Seller will provide training
Facilities: 1,000 sq. ft. building
Competition:
Growth:
Business Listed By
Name: Bill Law
Company: Sunbelt Business Brokers of Charlotte
Phone: 704-644-1141

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