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 associations, 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. They work with structural drying, dehumidifying and the demolition of impacted properties. As necessary, they also subcontract reconstruction that ranges from full build-back for interior damage, and exterior damage that includes roof repair and replacement. From a mold remediation perspective, the company is certified to perform full remediation protocol. They leverage advanced technologies and adheres to industry best practices to swiftly respond within 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. The historic mix has moved away from a TPA focus since May, with more emphasis on HOA and homeowners.
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. The historic mix has moved away from a TPA focus since May, with more emphasis on HOA and homeowners.
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 and a sales vehicle. The vehicles may be paid off or the leases may be assumed. All of the company’s furniture, fixtures, equipment and goodwill 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. To diversify their client base with growth, they have entered into partnership agreements with 3 large HOA high rise and condo property management groups.
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 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
