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Damage-Repair Firm Up For Sale Due to Owner's Retirement

Undisclosed, West Midlands
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Climate-Change Brings Huge Growth Potential For Damage-Restoration Firm Photo 1
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Climate-Change Brings Huge Growth Potential For Damage-Restoration FirmClimate-Change Brings Huge Growth Potential For Damage-Restoration FirmClimate-Change Brings Huge Growth Potential For Damage-Restoration FirmClimate-Change Brings Huge Growth Potential For Damage-Restoration Firm
  • Status

    FOR SALE

  • Date Submitted:

    15/05/24

  • Advert ID

    611364

  • Reference

    FBBRRS / Rightbiz

  • Call Agent:

    Registered members »

  • Asking Price: £381,000
  • Turnover: £660,400 (£12,700 Per week)
  • Net Profit: On request

Business Details

Climate Change Brings Huge Growth Potential For Damage Restoration Firm

The Opportunity

Picking up the pieces after a fire, a flood or a storm is lucrative business – and with damage to homes and businesses only likely to worsen substantially due to climate change, This West Midlands restoration business is in a prime position to profit from putting things right.

Every time you read, see or hear about another town being inundated by floodwaters or a pub going up in flames, the claims lines light up at Britain’s major insurers – and they turn to the damage repair industry to do the remedial work.

Insurers and loss-adjusters only use repairers they can trust, so it’s no surprise that this business gets the lion’s share of contracts it bids for as well as fulfilling the contracts of successful bidders who don’t have the experience or expertise to handle the work.

Despite the unpredictability of natural disasters or premises fires, the business receive a steady stream of work from the insurance industry and can only expect much, much more as damaging events increase in frequency and severity as climate change continues to accelerate.

And with 96% of its business coming from the insurance industry and its associates, there is a huge opportunity for the new owner to grow the business by doing much more work for those who currently make up the other 4% - home owners, businesses, schools, churches, landlords and lettings agencies among many more.

The Franchise 

This West Midlands restoration business has built an enviable reputation for reliability and efficiency among the insurers and loss-adjusters who routinely turn to it to put things right for their clients.

Starting with a single franchise territory 26 years ago, the owner has grown the business impressively by acquiring neighbouring territories until it now accounts for 7.5 of the 404 territories in the 50-strong UK network.

It serves a swathe of the West Midlands, yet 95% of the restorations it handles are less than an hour’s drive from its well-chosen centralised base in the West Midlands.

With its own fleet of vehicles and small but highly-trained staff, this restoration business is ripe for the sort of expansion and increase in profits that would result from wooing the currently almost untapped markets available all around it.

The business is only on the market because the owner is approaching retirement age and has decided to take things easier, leaving the way open for a new owner with energy and ambition to help the business realise its full potential.

Summary

Grow the business steadily or really go for it? That’s the choice awaiting the buyer of this West Midlands restoration business, a highly respected damage-repair business that’s valued by insurers and loss adjusters and appreciated by the home and business owners whose premises it puts right. The steady stream of business makes it profitable enough, but the right entrepreneur with drive and determination has the chance to exploit almost-untapped sectors of the market and increase profitability substantially.

Enquire now!

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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.

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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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The data showed regarding this advert 'Climate Change Brings Huge Growth Potential For Damage Restoration Firm - FBBRRS / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.