Hot Listing
Mold Remediation - grosses over 600k annually (685 this past year)
Business Description
Established Mold Remediation Business
1) 600k a year in annual sales
2) Almost zero internet traffic - all word of mouth
3) Untapped revenue stream through water damage (potentially 500k a year plus)
4) Established list of over 400 realtors
5) Zero Marketing budget
6) Almost 100% cash flow positive
7) Very little risk (Mold certification is required to sell a house in NJ)
8) Home based - zero rent or storage needed.
9) Tech manager will stay with the company.
10) Based mostly in Philadelphia, South Jersey and surrounding areas.
This is a small but profitable business that consist of two vans, 4 employees, 1 estimator, and equipment.
Lead Inspector and 2 employees will remain with the company to train any potential buyer and any new employees.
Add Backs:
The budget for labor can be cut by half as we pay our employees way too much on top of paying them for 40 hours regardless of actual hours worked, as well as other allowances such as gas, tolls etc.
No rent needed, equipment is stored in vans that can legally be parked in the street.
And we buy premium grade materials which can be downgraded without effecting the quality of service which would save an additional 30k a year.
And if you only take checks and cash, you could save an additional 15k a year in banking fees.
And you could save even more money by buying in bulk vs going to Home Depot.
So, all in, you're looking at an additional 100k a year to add to the net.
1) 600k a year in annual sales
2) Almost zero internet traffic - all word of mouth
3) Untapped revenue stream through water damage (potentially 500k a year plus)
4) Established list of over 400 realtors
5) Zero Marketing budget
6) Almost 100% cash flow positive
7) Very little risk (Mold certification is required to sell a house in NJ)
8) Home based - zero rent or storage needed.
9) Tech manager will stay with the company.
10) Based mostly in Philadelphia, South Jersey and surrounding areas.
This is a small but profitable business that consist of two vans, 4 employees, 1 estimator, and equipment.
Lead Inspector and 2 employees will remain with the company to train any potential buyer and any new employees.
Add Backs:
The budget for labor can be cut by half as we pay our employees way too much on top of paying them for 40 hours regardless of actual hours worked, as well as other allowances such as gas, tolls etc.
No rent needed, equipment is stored in vans that can legally be parked in the street.
And we buy premium grade materials which can be downgraded without effecting the quality of service which would save an additional 30k a year.
And if you only take checks and cash, you could save an additional 15k a year in banking fees.
And you could save even more money by buying in bulk vs going to Home Depot.
So, all in, you're looking at an additional 100k a year to add to the net.
About the Business
- Years in Operation
- 11
- Currently Home Based
- Yes
- Facilities & Assets
- 1) 2 Cargo Vans, two vehicles
2) Industrial Dehumidifiers
3) Air Movers
4) Sprayers - Market Outlook / Competition
- With our pricing and ratings, we virtually lack any real competition.
- Opportunities for Growth
- Huge potential for growth in that we are tooled and certified for both water damage (which is essentially an entire other business in its own right), but we've only ever worked with mold.
Also, we have operated strictly on word of mouth and have almost a zero-dollar budget for marketing.
All cash flow is positive with the exception of 1 year being left on a 5-year van note.
About the Sale
- Seller Motivation
- Looking to get back into finance.
- Transition Support
- We have both an estimator and 2 employees who have been with us for over 10 years that will provide all training required.
Listing Info
- ID
- 2207877
- Listing Views
- 5494
Attached DocumentsAttachment Disclaimer
Listing ID: 2207877 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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