Fire and Water Damage Restoration and Reconstruction Services
Off-MarketCollinsville, CT
Established Fire And Water Damage Restoration Business Providing Residential And Light Commercial Restoration Services, Including Reconstruction And Repair Work Following Property Damage. The Business Also Offers Consulting Services.
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$1,375,000
$300,000
21.8%
2000
Past 24h
Customers
The business primarily serves residential homeowners requiring fire and water damage restoration services. It also handles some light commercial restoration projects and provides consulting services.
Customer Acquisition
The business generates customers almost entirely through word-of-mouth referrals and its established reputation. The owner reported no active advertising or marketing budget for approximately the past 10 years.
Team
The business has one employee: the owner. All restoration and construction work is performed by an established network of subcontractors, including framers, roofers, carpenters, electricians, plumbers, insulation contractors, painters, and flooring installers. The business also uses outside bookkeeping and accounting support.
Owner's Role
The owner is the sole employee and manages all project management, budgeting, marketing, and bill payments. He oversees subcontractors and coordinates restoration projects. Bookkeeping support is outsourced, and a CPA handles tax preparation.
Reason for Selling
The owner is considering selling due to age and a desire to reduce his responsibilities. However, he would like to remain involved with the business in a consulting or sales capacity following the sale.
Contracts
Yes. Customers sign project-specific restoration contracts outlining the scope of work, estimated costs, and project timelines. The business uses Xactimate estimating software to prepare detailed estimates. There are no formal contracts with subcontractors. The percentage of revenue covered by customer contracts was not specified.
Real Estate
Yes. The owner would like to include a 966-square-foot commercial office building located in Collinsville, Connecticut.
When Are You Looking to Sell
Within the next 6-12 months
Licenses Required
A Connecticut home improvement contractor license/registration is required to operate the business.
Additional Notes
The owner expressed a strong interest in remaining involved after the acquisition, potentially in a consulting or sales role, to help the new owner maintain existing relationships and continue developing the business. The owner also believes there is significant potential to grow the business through advertising and marketing, as the company has operated without a dedicated marketing budget for approximately a decade. He suggested revenue could potentially double with additional marketing efforts; this is an owner projection and has not been independently verified.
Business ID: 2132
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