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Business for Sale Summary

Water Proofing and Mold Remediation - 31018

Business Type: cleaning services,home-based business,misc. servicel/non-classifiable,other business services,other personal services,repair services,misc. construction/non-classifiable,special trades,new to market,seller financing available
Water Proofing and Mold Remediation
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Financial Information (non-confidential)

General Information
Asking Price $550,000 Down Payment $375,000
Gross Revenues $679,255 Lease Remaining Register Free to View
Owner’s Cash Flow $231,461 Number of FT Employees Register Free to View

Financing

$375,000 Down and $175k over 3 yrs @ 5%

Business Description

This basement waterproofing and mold re-mediation company has been in business for over 10 years, and the owner has over 50 years of waterproofing experience. They operate in the Tri State area, covering Northern New Jersey, all of Connecticut and Long Island, all five Boros, Westchester, Putnam, Dutchess and Orange County in New York. They are experts in completely drying out basements and crawl spaces. Owner just hired new full time salesperson They install the most effective waterproofing system available (as per research done by the University of Minnesota) and have an iron-clad warranty that the customer will NOT leak through the entire wall or floor, for as long as the customer owns the home, and is transferable on sale to one more owner. They do both commercial and residential work. Many leads come from Home Advisor. Margins are over 33%. Foundations are inspected from the inside and outside. They also will inspect for mold and, if found, offer a remediation solution.The company is a licensed and insured Home Improvement contractor, doing business in New York, New Jersey and Connecticut. They have done work for homeowners, builders, engineers, management companies and architects. They have an A with the Better Business Bureau, have thousands of satisfied customers, and can fix virtually any water problem. Financing option available. The new owner must have a strong sales background and be a closer. Business comes with 150-page Pitch Book. Just added a second installation crew due to increased sales and demand. Added new salesperson. Owner can hire more salespeople, and seller can help the buyer put together more installation crews to expand. All are 1099 independent contractors. Two suppliers will deliver to any job site. Owner will stay for long training and transition period. This business is home-based, you just need a small garage space for some inventory. This is a unique opportunity. Contact broker Joseph Stansky for more details.

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.