For sale is an established SERVPRO operation consisting of three franchise territories in the lucrative Northern Virginia market. This is a rare opportunity to purchase multiple territories that cover a very large and desirable geographic area.
The asking price for the business is $695,200 and the price includes:
• $404,000 fair market value of equipment and vehicles
• Highly trained restoration specialists and office staff
• Well-developed insurance network
• Strong community ties
• Existing revenue stream
• Customer list
• Customer agreements
• Phone number
• Website and postal address
The adjusted cash flow in 2016 was $335,613 and the revenue for these three franchise locations was $1,473,732.
The first location was established in 2007, the second location was established in 2011 and the third location was originally established in 1985.
These franchises provide disaster mitigation and cleanup services for the benefit of insurance companies’ customers in one of the most densely populated regions of Northern Virginia. Services include: water damage restoration; residential cleaning such as carpet, upholstery and drapery cleaning; commercial cleaning such as hard floor care, commercial carpets and janitorial services; restoration services such as fire damage restoration, deodorization, duct cleaning and mitigation of mold and mildew for homes or businesses. This suite of services can be marketed as a “turn-key” offering for clients that are looking for a one-stop type of service.
Revenue mix includes homeowners and multiple long term agreements with government and commercial clients. Other material revenue sources include SERVPRO National Accounts (call center dispatched jobs), internet/search engine leads, word of mouth and jobs created by brand awareness.
This business has a fully trained and developed staff of 12 (total staff members) covering each division of the business. The staff is fully trained in the benefits of following the SERVPRO business model. In addition, the franchisor provides comprehensive and on-going training to all franchise owners including a comprehensive web-based suite of management applications to contribute to the success of the franchisee.
In 2016, the SERVPRO franchise system was ranked #1 in the “Restoration Services” category and the #4 “Franchise Opportunity” overall by Entrepreneur Magazine.
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