Listing ID: 81008

Business Overview

Business is booming. In 2019 this business netted over $1mm to the owner. 2021 revenues over $6.49mm (accrual based),SDE approx. $422,000. This would make an ideal acquisition for an existing restoration-related company to penetrate the lucrative TPA insurance market and gain over $6.49mm in increased revenues and market share immediately.

*33 years in business.
*Not a franchise.
* Recurring revenues from TPA relationships
* 2021 revenues of $6,649,000 (accrual based)
* 2021 SDE approx. $422,000
* 2020 SDE $911,245 (accrual-based)
* CPA-prepared financial statements, easy buyer due diligence
* Owner holds a Nevada ‘B’ General Contractors License with unlimited bid limit
* One of the highest-rated companies in their industry in the Western US.
* Enjoys established relationships with top TPA’s, insurance companies, and high-margin private customers. Provides water and fire damage restoration services for commercial & residential clients, and specialty remodeling/refurbishing services for apartments, hotels, etc.
* Numerous expansion opportunities by expanding to additional markets with referral business readily available from existing relationships with TPA’s, insurance companies, etc.
* This is a business with experienced managers and well-developed systems and personnel allow the owner to be away from the business for extended periods without interruption.
* Newly remodeled office building with .9 acres of prime real estate also available for purchase if desired.
* Las Vegas is continuing to grow into 2022 with the recent opening of Circa Resort, Virgin Hotels, Allegiant Stadium, Resorts World, the Convention Center Expansion and the continued construction on the MSG Sphere Entertainment Venue & the Fontainebleau resort.
To receive a full summary of the business including financial statements, please use the contact form on this page, or for immediate response e-mail the broker at mcash@bbanv.com.
Call Michael Cash at 702-281-4751, mcash@bbanv.com. Benchmark Business Advisors–Las Vegas business brokers

Financial

  • Asking Price: N/A
  • Cash Flow: $422,000
  • Gross Revenue: $6,490,000
  • EBITDA: N/A
  • FF&E: $70,000
  • Inventory: $10,000
  • Inventory Included: N/A
  • Established: 1987

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:3,800
  • Lot Size:N/A
  • Total Number of Employees:51
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

3800 sq. ft. building sited on .9 acres of fenced land. Real estate is also available for purchase at market price.

Is Support & Training Included:

Training as needed. Owner will stay on as Qualified Employee for reasonable transition period until buyer can replace or obtain a Nevada "B" General Contractors License (or equivalent)

Purpose For Selling:

Semi-retirement

Pros and Cons:

Significant barriers to entry to compete at this scale. Ordinary competitive environment.

Opportunities and Growth:

Many growth opportunities. A scalable business into new markets.

Additional Info

The venture was established in 1987, making the business 35 years old.
The deal shall not include inventory valued at $10,000*, which ins't included in the listing price.

The company has 51 employees and is located in a building with disclosed square footage of 3,800 sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people choose to sell businesses. Nevertheless, the true reason and the one they say to you might be 2 entirely different things. For instance, they may say "I have too many other responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these may just be reasons to try to conceal the reality of changing demographics, increased competition, current reduction in incomes, or a range of various other factors. This is why it is very vital that you not depend completely on a vendor's word, but instead, utilize the seller's solution in conjunction with your total due diligence. This will repaint an extra reasonable picture of the business's existing situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses borrow money in order to cover things such as inventory, payroll, accounts payable, etc. Bear in mind that occasionally this can mean that revenue margins are too thin. Numerous businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that must be fulfilled or might lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location attract brand-new consumers? Many times, companies have repeat clients, which form the core of their daily revenues. Specific aspects such as brand-new competition sprouting up around the area, roadway construction, as well as personnel turnover can influence repeat clients and also negatively affect future incomes. One important point to think about is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Certainly, the more individuals that see the business often, the higher the opportunity to construct a returning customer base. A final thought is the general area demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? Just how might the neighborhood typical house income influence future income potential?