Water Damage Restoration Franchise
Off-MarketIndianapolis, IN
Water Restoration Franchise
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$1,400,000
$350,000
25.0%
2018
30+ Days
Customers
70% residential and 30% commercial work mix
Customer Acquisition
Revenue is primarily sourced through preferred vendor relationships with major insurance carriers who refer claims to the business. The franchise operates as a preferred vendor with national accounts through the franchise network of over 300 locations.
Team
The business operates with five in-house mitigation technicians, one office manager, and subcontractors for rebuild work.
Owner's Role
Overseeing operations.
Reason for Selling
The owner has been in the restoration business since 1991 and has owned this franchise for eight years. The owner is pursuing other investment opportunities, and his wife recently returned to the corporate world as an area VP. The primary goal is to enable travel and lifestyle flexibility, with the owner open to partnership arrangements with a potential buyer.
Contracts
Yes, a new five-year government contract is in the final stages of closing, covering a 75-mile radius for all government buildings with emergency services.
Real Estate
The company leases a 2,500 square foot facility that houses equipment, office space, a conference room, and a warehouse section for approximately $1,900 per month.
When Are You Looking to Sell
ASAP
Licenses Required
The company holds a general contractor (GC) license and provides water restoration, fire restoration, mold remediation, and rebuild services.
Additional Notes
Buyer would require franchise approval. Payment cycles typically run 30-45 days from insurance companies, with immediate payment available from home services like carpet and air duct cleaning, which the company also offers.
Business ID: 1443
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