insurance Restoration

Location: Tennessee flag
Industry: Construction Businesses, Special Trades

Asking Price

4,600,000

Annual Revenue

5,573,000

Annual Profit

1,363,000

FF & E

200,000

Inventory

Not Disclosed

Year Founded

1992

Number of Employees

Website

Reason For Selling

The seller owns a 300 acre farm and wishes to spend more time on his farm.

This business is relocatable.

This business is home based.

Description of Business

Highly regarded insurance restoration contractor who is the preferred vendor for a number of insurance companies including State Farm, Nationwide, Fireman's Fund, Farm Bureau and more. The Firm is located in a major metropolitan area and has a consistent history of revenue and income. The organization includes a general manager who is capable of running the business. In addition, there are 6 project managers who oversee the sub-contractors. Historical revenue and income does not reflect two new insurance companies that have contracted, this year, with the firm. The number of claims processed in the first quarter of 2009 was up by 500 claims over 2008.

Property Information:

The business operates out of a 3000 sq ft building with a 1 acre lot for equipment parking.

Competition and Growth Potential:

Very high barriers to entry in this industry. Very few perferred vendors per insurance company.

Financing Options:

2,300,000

Support and Training:

Seller will provide 60 days training as part of the deal and is willing to stay on for one year with an employment agreement. The seller understands that this transaction should have a very long transition period.