Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Highly Profitable“servicemaster” Fire & Flood Restoration Business 10 Exclusive Areas
LISTING DETAILS
Firms For Sale ID:
26798
Vendor reference:
GC095
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£595,000
Turnover / revenue:
£1,500,000
Net profit / cashflow:
Undisclosed
Years established:
4
Trading hours:
The business operates a 24 hour call out service such is the nature of its service offering.
Number of employees:
8
OTHER DETAILS
Reason for selling:
The vendor is planning his exit strategy.
Support and training:
This will be exemplary. The buyer will get the full and ongoing support of the franchisor, which will include an initial two-week training course plus a seamless and professional handover from the director for a period to be agreed as part of the overall negotiations.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from leasehold premises on a well known industrial estate in North Wales. The lease is for 3 years. Current rent is circa £100/week.
BUSINESS DESCRIPTION
Highly Profitable“Servicemaster” Fire & Flood Restoration Business 10 Exclusive Areas
Ref.GC095
Location North Wales/Manchester
Asking Price £ 595,000
This relatively young yet dynamic Servicemaster franchise business was started by the vendor back in 2007, providing insurance driven fire and flood restoration services to residential clients, originally operating within the North Wales territory. Since then the business has grown significantly through acquisition of further territories (both virgin and established) within The North West and now boasts some 10 exclusive Servicemaster regions.
The business specialises in working on behalf of national insurance companies, loss adjusters and brokers in supplying a comprehensive disaster restoration service to residential customers(and to a lesser extent commercial) due to fire, water or smoke damage. It has a comprehensive range of services it can provide including carpet/upholstery restoration, water extraction, dehumidification, odour removal, trauma/spill removal and other related services.
The company has established a formidable reputation for speed of response, presentation, quality of work , and its ability to handle a comprehensive range of residential claims. Because of this it enjoys growing levels of business and referrals. Typically it handles some 40-90 projects per month. Projects currently catered for vary from £40 up to £15,000. Approximately 70% of work comes direct from Servicemaster with the remaining 30% coming via loss adjusters and local agents.
Expansion Potential
The current business has enjoyed very good levels of business to date resulting in equally impressive profits being realised. There are many areas for ongoing expansion. The business is currently operating at 75% of capacity so could easily absorb further projects within its current infrastructure. It does very very little commercial work through choice. A new owner could easily expand this side of the business as the demand is there, not to mention branching out into contract cleaning as a complimentary service is so required.
The further development of relationships with loss adjusters in the areas it covers would drive volumes and profits still higher.