Public Adjuster Company

Price: $3,600,000

Location: South Florida

Industry: Other Financial Services

Listing ID: 42734599

Listing Status: New

Description

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 included in the sale ($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. SBA Prequalified with 10% down. They are A+ rated by the Better Business Bureau and 5 star rated on Google, Facebook, Yelp. For more information, please submit NDA, proof of funds and resume.

LISTING DETAILS

Down Payment: $360,000

Total Sales: $1,774,450

Cash Flow: $827,103

EBIT: N/A

EBITDA: N/A

Accounts Receivable: $600,000

Accounts Receivable Included: Yes

FFE: N/A

FFE Included: No

Inventory: N/A

Inventory Included: No

Operation

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

Location

Real Estate: N/A

Real Estate Included: No

Monthly Rent: $1,717

Type of Location: Office

Square Footage: 550

Franchise: No

Relocatable: Yes

Summary

Reason For Sale:

Retirement

Training & Support:

Seller provides training for 2 weeks at no cost.

Financing/Terms:

SBA Prequalified with 10% down.

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING OWNER