Price: $3,000,000
Location: South Florida
Industry: Other Financial Services
Listing ID: 42734599
Very profitable public adjuster company specialized in water, fire, mold, wind and flood claims. Main area is South Florida but they cover all FL with satellite offices.
They have approximately 350 open claims with an average of $4,000 collection of claims that are available at an additional price(approximately $600,000, accounts receivable after split with adjusters) that generates immediate cash flow to a new buyer.
The company adjust residential, warehouse, commercial, retail, low-rise, mid-rise and condominium claims in the State of Florida. They do their own processing so they do not pay 3rd party processing
companies.
There is an active manager that can take over the owner role that can also cross train new hires. The owner can be non-licensed person. Only requirement is that someone licensed must be listed as primary adjuster who can be employee in the company. They are A+ rated by the Better Business Bureau and 5 star rated on Google, Facebook, Yelp.
SBA Prequalified with 10% down, 120 months.
For more information, please submit NDA, proof of funds and resume.
Down Payment: $300,000
Total Sales: $1,774,450
Cash Flow: $827,103
EBIT: N/A
EBITDA: N/A
Accounts Receivable: N/A
FFE: N/A
FFE Included: No
Inventory: N/A
Inventory Included: No
Year Established: 2010
Year of last Acquisition: 2010
Days & Hours of Operation: Office: Monday - Friday 9 AM - 5 PM / Adjusters: 24/7
Owner Hours Per Week: 45
Lender Pre-Qualified: Yes
Non-Owner Payroll: N/A
Employees: 12
Managers: 2
Absentee Owner: No
Real Estate: N/A
Real Estate Included: No
Monthly Rent: $1,717
Type of Location: Office
Square Footage: 550
Franchise: No
Relocatable: Yes
Reason For Sale: Retirement
Training & Support: Seller provides training for 2 weeks at no cost.
Financing/Terms: SBA Prequalified with 10% down.