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Emergency Response & Restoration w/Coveted Insurance Relationships!

Overview

This greater Dallas area emergency response and restoration firm specializes in water an fire damage, mold remediation and reconstruction. They work with insurance adjustors, homeowner associators, residential property managers as well as plumbing contractors. The full-service water damage restoration company mitigates, repairs and restores damage and mold associated with water and fire. The work with structural drying, dehumidifying and the demolition of impacted properties. As necessary, the firm also engages in reconstruction ranging from full build back for interior damage, as well as exterior damage that includes roof repair. From a mold remediation perspective, the company is certified with the state to perform full remediation protocol. The company leverages advanced technologies and adheres to industry best practices to swiftly respond withing 60 minutes to minimize damage and swiftly restore properties.

This burgeoning company works with 4 third party administrators (TPAs), which represent 75% of their new projects on a rotating basis. Homeowner’s Associations (HOAs) represent 10%, Residential Apartment Managers (RPMs) 0%, Plumber referrals (5%) and Yelp / Google represent 10% of their business.

Additional Details

Facilities

The company operates out of a 1,380 square foot office warehouse that leases for $1,624 per month including common area maintenance (CAM) on a lease that expires on 4/1/25. The business, which employees 3 full-time and 2 part-time staffers, has 2 vans. All of the company’s furniture, fixtures, equipment and goodwill will be included in the sale, with the vehicle leases assumed. Approximately $5,000 in inventory will be included.

Competition

Although restoration and remediation occurs in a competitive marketplace, this company has developed 4 key third party administrator agreements with insurance providers that have helped it to achieve remarkable growth thus far and projected into the future.

Growth & Expansion

The company is positioned itself to continue to add insurance providers, whose key referrals will continue to grow in size and scope as more the company’s performance continues to instill confidence. The firm’s sales and business development efforts will focus on homeowner’s associations and residential apartment managers that result in profitable, direct to client relationships.

At a Glance

Asking Price: $550,000

Gross Revenues: $529,494

Inventory: $5,000

Potential Cash Flow: $140,000

Location: Dallas, Texas

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