Business Overview

This company specializes in residential property damage claims including Water, Fire, Hail, Wind, Smoke, and Roofs. Services include Restoration, Remediation, Reconstruction and Remodels around Colorado Springs. The business has established relationships with insurance adjusters and mitigation companies that refer work.

Growth opportunities include starting advertising campaigns and expanding into the Denver market!

Reason for Sale: Retirement

Inquire for more details and learn how you can buy a business for as little as 10% down on qualified SBA listings or how to use creative financing options to get a deal done! At Transworld Business Advisors, we are the most active business brokerage in the country – listing and selling the most businesses in the state. Get added to our buyer list today to receive notifications as businesses with your criteria hit the market!

Financial

  • Asking Price: $499,979
  • Cash Flow: $195,267
  • Gross Revenue: $1,700,496
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 2018

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:13
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

900 SF in an Office Building

Is Support & Training Included:

Yes, 8 weeks.

Purpose For Selling:

Retirement

Additional Info

The venture was started in 2018, making the business 4 years old.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people decide to sell operating businesses. However, the genuine reason vs the one they say to you may be 2 entirely different things. For instance, they might claim "I have too many various commitments" or "I am retiring". For many sellers, these reasons stand. But, for some, these may just be excuses to attempt to conceal the reality of altering demographics, increased competitors, current reduction in profits, or a variety of various other reasons. This is why it is really important that you not count totally on a vendor's word, but instead, make use of the seller's solution together with your total due diligence. This will repaint an extra sensible picture of the business's present scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Many companies finance loans in order to cover things such as stock, payroll, accounts payable, etc. Remember that in some cases this can indicate that earnings margins are too small. Numerous companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that must be satisfied or might result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location attract brand-new consumers? Most times, businesses have repeat consumers, which form the core of their everyday revenues. Certain variables such as new competitors growing up around the location, roadway building and construction, and also personnel turnover can affect repeat consumers as well as negatively affect future revenues. One vital point to think about is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business regularly, the higher the opportunity to build a returning client base. A final thought is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? How might the regional typical home income impact future earnings potential?