Full-service Restoration and General Contracting

Description:
The Company is a full-service restoration and general contracting firm. The Company specializes in property damage restoration caused by water, fire, wind, and mold. While the Company has two offices in the Northeast and Southeast US, management notes that only the Northeast location will be included in the transaction.

Key Aspects:
• Revenue averaged $4.5M from 2022 to 2024.
• Gross profit margins averaged 44.1% from 2022 to 2024, with total costs decreasing by 16.7% during the same period.
• Management notes that approximately 80% of revenue each year is derived from repeat business.
• The Company offers 24/7, 365 immediate response service to clients.
• The Company is a one-stop shop for inspections, testing, mitigation, remediation, and reconstruction.
• Operating with several licensed and certified experts, the Company has a strong, well-experienced team that is in-house.
• Management notes that the Company has recently entered the General Services Administration (GSA) space and is bidding on $40 million dollars of government projects that are expected to be awarded and begin in 2025.

Opportunities:
• Expand the Company’s geographic reach, particularly into states with high disaster relief demand.
• Leverage the Company’s superior technology to win larger, long-term contracts.
• Pursue long-term government contracts to further diversify revenue sources.

Headquartered:
• Northeast, US

Current Markets:
• The Company services both residential and commercial properties in need of restoration and remodeling throughout the Northeast, US. The Company generates revenue via third-party administrators (50%), insurance company vendor programs (30%), and residential clients directly (20%).

Real Estate:
• The Company operates from a 5,500 sq. ft., which is leased from an unrelated third party. Management notes that the lease is assumable.

Shareholder Ownership:
• The Company is owned by a single shareholder who is looking to de-risk. Management is currently in the process of pulling out of the Southeast, US and closing its respective office, so the focus can be on the Northeast, US location. The shareholder is willing to remain with the Company for a predetermined period of time to facilitate a smooth transition to new ownership.