The business specialises in buildings insurance restoration repairs including water, fire, smoke and impact damage, and offers a claims assistance service dealing directly with the insurance company or loss adjusters. Managing the job from beginning to end, the business effectively provides a “one-stop” service to the property owner for their building repairs.
The works are undertaken by fully vetted CIS-registered subcontractors and payment is normally received direct from the insurance company on completion. Interim payments can be obtained if the restoration repair costs are above a certain level. For this reason, cash-flow is good and there are rarely any bad debts incurred.
The current owners have established a clear, tried & tested and highly successful process, and they have also established an excellent reputation which is borne out by some very positive online reviews.
A well-maintained and fully operational website will be transferred to the new owners of the business along with a range of assets including 7 industrial dehumidifiers. The company often supplies dehumidifiers at the outset of a water damage claim which is a lucrative chargeable service and a source of valuable additional income.
Trading accounts for the financial year ended 31st March 2014 show annual sales of £259,546 and a gross profit of £150,607. Adjusted net profit is in the region of £100,000.
It is likely that the new owner of the business will have a good knowledge of building repairs, perhaps with a background in the building trade or as a surveyor or loss adjuster. Good communication and administrative skills would also be beneficial.
After the sale of the business, the current owners are intending to retire. However, they will be pleased to provide handover training and assistance. The new owners will be fully introduced to the workings of the business together with the successful client-handling and project management process which has been developed and fine-tuned over recent years.
Price £175,000. Ref: M31729Z
Full sales details available at www.emfgroup.com
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