This is a well-established, recession-proof company that specializes in the restoration of residential houses after fire, water, storm damage, and other natural and manmade disasters. Unlike most construction companies that are likely to suffer during a recession, this remediation / restoration / reconstruction company has steady work no matter the economy. In fact, it grew during the Great Recession. The company has developed relationships with several insurance companies over the years, and has a steady supply of work from adjuster referrals. The company is paid by the insurance companies and has deep knowledge of the insurance system. The staffing consists of seven full-time employees and one part-time employee, including a project manager, assistant project manager, estimator, restoration technicians, and bookkeeper. The owner works full-time in the business. The owner’s role includes general management and quality control. He also spends time working in the field doing primarily, carpentry. The buyer will need a general contractor’s license to run this business. Construction knowledge would be beneficial. Due to family reasons, the owner is moving out of State. This is a rare opportunity to acquire a recession-proof business and grow it to the next level.
The company leases a commercial location in the Puget Sound area. Over $260,000 worth of equipment comes with the sale, including multiple vehicles.
Competition / Market Pros & Cons
This is one of the premier restoration companies in the Puget Sound area. The company is well-established and well-known for its quality work. It has deep working relationships with insurance companies.
Growth and Expansion Pros & Cons
The company has spent very little on marketing. A new owner with fresh energy could focus on marketing and grow this company to the next level.
Support / Training Available
Seller is willing to train. Details negotiable.
Reason for Selling
Moving out of State.
Seller Will Provide?
Cash at closing. Broker can assist Buyer with obtaining bank financing.