Listing ID: 79168
Public Adjuster Business located in Palm Beach County with satellite offices in Miami-Dade, Broward County, Lee County, Orange County and Leon County. They cover all 67 counties in the state of Florida. They have completely settled more than 9,000 claims in the past 9 years. They have had over 30,000 claim consultations for many different types of properties but they do not take claims on every property that they inspect. The company adjust residential, warehouse, commercial, retail, low-rise, mid-rise and condominium claims only in the State of Florida. Handling Hurricane, Fire, Collapse, Sink Hole, Water Mold, Smoke, Collapse and Falling Object Claims. In 2017 the company commenced litigation support services for law firms. In 2019 they began providing claims appraisal services. They are A+ rated by the Better Business Bureau and 5 star rated on Google.
- Asking Price: $2,850,000
- Cash Flow: N/A
- Gross Revenue: $1,259,787
- EBITDA: $729,323
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2011
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
Seller provides training for 2 weeks.
The business was founded in 2011, making the business 11 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell businesses. However, the true reason vs the one they say to you may be 2 completely different things. As an example, they may say "I have a lot of other commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might just be reasons to attempt to hide the reality of changing demographics, increased competition, current reduction in incomes, or a variety of various other factors. This is why it is very crucial that you not rely completely on a vendor's word, however rather, make use of the vendor's answer along with your overall due diligence. This will repaint an extra sensible image of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of businesses finance loans in order to cover things such as stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can indicate that revenue margins are too tight. Lots of organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that must be met or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location attract brand-new clients? Most times, businesses have repeat customers, which form the core of their daily revenues. Certain elements such as brand-new competitors sprouting up around the location, road construction, and also employee turnover can influence repeat consumers and negatively affect future revenues. One essential point to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Obviously, the more people that see the business regularly, the better the possibility to develop a returning customer base. A final idea is the basic location demographics. Is the business situated in a largely populated city, or is it located on the edge of town? Just how might the local mean household earnings impact future revenue prospects?