Four Rainbow International Disaster Recovery Franchises for Sale in Northeast England
Chester le Street, County Durham
- Status
FOR SALE
- Date Submitted:
23/12/23
- Advert ID
604322
- Reference
RF/RI-RB1 / Rightbiz
- Call Agent:
- Asking Price: £80,000
- Turnover: On request
- Net Profit: On request
Key Features
- Company for Sale
- Established Business
- Attractive Business
Business Details
Rainbow International (disaster recovery contracts) 4 franchises in one sale!
Rainbow International is a franchise specialised in disaster recovery and cleaning services working with the insurance industry, public sector and healthcare, commercial and industrial customers as well as homeowners. They offer services after a flood, fire, escape of water or accidental damage incidents.
This is your chance to buy not 1 but 4 Rainbow franchise territories in the northeast of England. Each serving their community, helping people through difficult situations and making a good living in the process. Many insurance companies choose Rainbow International due to their slick operating model and highly trained experts. This is your chance to join this elite group!
The business in the north east includes a small commercial unit that is on a lease and comes with a range of tools & equipment. However the current owner tends to hire equipment on favourable terms for each job which keeps his costs low.
You will be responsible for managing the daily operations, ensuring a consistent quality of service, grow the business, recruit your team and train them. Again our client tends to hire people on a freelance basis depending on the needs of each job – so he keeps his costs to a minimum.
You would normally need £55,000 plus working capital if you bought a Rainbow International ‘off the shelf’. Each of these territories includes a generous 40,000 households but my client is selling all 4 of his Rainbow franchises for just £80,000. So that’s 160,000 households and these are going concerns, so you will earn revenue from day 1!
These are the territories you will own:
Territory 1: Durham
Territory 2: Sunderland
Territory 3: Chester-le-Street
Territory 4: Hexham & Morpeth
My client has undertaken so many different jobs which is one of the most appealing aspects of the work - it’s all about variety. Here’s selection…ultrasonic bath cleaning, tracing and access leak detection, organising specialist painting restoration to name a few.
Why is this business such good value you may ask? My client needs to take a step back and has a couple of knee operations planned for in 2024. All he seeks effectively is his original franchise fee for each of the 4 territories.
He has turned so much work away due to his health situation yet is still turning over approx. £200k in each of the last 3 years. Full books will be provided for serious buyers and no time wasters or cheeky offers please.
Maybe you know someone to team up with or else buy them all for yourself – our client is only interested in selling all 4 franchise territories as a single sale i.e. not individually. Its priced incredibly reasonably to get a deal over line and allow a new buyer to flourish.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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