10-Yr Water Restoration Co. w/ Carrier Referrals

This water damage and restoration contractor in McHenry County, IL has operated under its current ownership since 2016, and nearly all of its work comes in as claim assignments from major insurance carriers. Services include water mitigation, contents cleaning and handling, structural cleaning, mold remediation, and light structure repair, plus a small carpet cleaning line. Homeowners are the end customers. Their insurers pay most of the invoices.

On a normal day, two field technicians accept incoming assignments, go to the loss, scope the work, and deal directly with insurance adjusters. They largely manage their own schedules. An outside billing firm handles invoicing and makes sure claim paperwork is filed correctly. The owner currently spends about five hours a week on bookkeeping and on checking that jobs run efficiently and documentation is complete.

The sale includes the crew, the carrier assignment flow, the outside billing relationship, a leased 2,000 sq ft facility, and about $35,000 in equipment, with 20% seller financing available to qualified buyers. The original operating partners moved on to other ventures, the service area has seen little direct sales effort since, and recent results show it. The business suits a hands-on owner-operator with a restoration, insurance, construction, or sales background who wants to build direct residential, property manager, and commercial accounts on top of an existing insurance pipeline.

Disclaimer:
Unbroker LLC does not guarantee the accuracy or completeness of the information provided in this listing, as it is supplied directly by the seller. Prospective buyers are strongly encouraged to conduct their own due diligence. Any real estate represented as part of this transaction is sold directly by the business or property owner and not by Unbroker LLC.

Retirement

The business operates from a leased 2,000 sq ft facility at $1,750 per month. About $35,000 in furniture, fixtures, and equipment is included in the sale. Roughly $3,000 of supplies inventory is not included in the asking price. A buyer takes over an equipped shop and a crew that is already responding to jobs, with modest fixed occupancy costs.

Seller will provide appropriate training and support as mutually agreed upon by both parties to ensure a successful transition.

Water, mold, and cleanup losses happen year-round whatever the economy is doing, and homeowners' insurance pays most of the bill. This business already receives assignments from major insurance carriers, which is the hardest channel for a new entrant to break into, and its technicians are used to scoping losses to carrier standards and working alongside adjusters. It competes with national restoration brands and regional fire and flood specialists. Because nearly all of its volume has come through carrier referrals, the direct residential, property manager, and commercial parts of the local market are still largely open.

Territory is significant but underdeveloped. Marketing to property managers or insurance companies would grow the business significantly. There is substantial potential for growth if a new owner were to actively solicit business.