Successful Restoration/Air Duct Cleaning Business

Contact: Tim Carter
Phone: 6165601080
Email: [email protected]
Your Reference ID: TC1071618

Description:

It has been a great 30 year run for the founder/owner/seller of this cash flowing fire and water restoration business which also specializes in air duct cleaning, but now the owner is ready to transition his company to new owners who are interested in taking the business to the next level.

The company, which employs 5 non-union workers, is located in a functional and well located 10,000 square foot building which is owned by the seller. The real estate may be leased under favorable terms or purchased separately for $400,000.

The business comes fully equipped with a large array of equipment including dehumidifiers, air movers, and other tools of the trade. The company owns four large mobile units (think fire department E-unit trucks) which simply must be seen to be appreciated. Two of the units are power vacuum duct cleaning trucks, the most powerful in the industry. The other two trucks are outfitted for restoration work including truck mounted carpet cleaning units, dehumidifiers and blowers. The vehicles and equipment which have an original value exceeding $300,000 are in excellent condition and included in the sale.

2017 discretionary earnings were $155,000 on revenues of $643,000. With six months of 2018 in the books, the company is on pace to exceed 2017 results. The business, including all furniture, fixtures, equipment, vehicles and inventory, is being offered for $499,000, which is a very attractive 1.3x the enterprise value. The owner is contemplating an asset sale which would include all assets except cash and A/R. The seller will retire all liabilities prior to closing. In addition, the seller will carry a meaningful seller note for a qualified buyer.

To learn more about this excellent business opportunity, please contact Tim Carter (tcarter@praxisbusinessbrokers.com or 616-560-1080).

Location(s): Eastern Michigan

Asking Price: $499,000
Cash Flow: $155,000
Gross: $643,000

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