Real Estate Available
This Southeastern provider of restoration services is the first call when disaster strikes, whether it's a natural disaster, like flooding and wind damage from a hurricane, or an unfortunate mishap like a kitchen grease fire that spreads through your home. RESTOREPRO provides a variety of services including disaster mitigation, restoration, emergency services and contents management. RESTOREPRO's "customer first" approach has built an excellent referral base of first responders, insurance companies and similar providers.
The owner is a serial entrepreneur and recognizes the Company could double pretty quickly if it received focus, attention and capital. As a real estate developer, his focus today is on his core business. He'd like to find a hands-on partner to help him transition day-to-day management to key executives while his role evolves to an active board role, focusing on organic and acquisition growth. With that said, RESTOREPRO's reputation and brand are exceptional. The right partner brings capital, focus and experience to help drive geographic expansion, add crews and expand its marketing plan.
The Company generated $9.25MM in revenue in 2016 and are on track to hit $9.65MM this year, given the owners desire to keep the business at a its current level. EBITDA margins are solid, achieving 20-22% each of the past 4 years. The Company historically invested about $50k-150k annually in capex - mostly vehicles and rolling stock.
The right partner understands industrial services and has experience growing B2B and B2C service businesses.
The Company operates out of a beautiful 55,000 s.f. facility with excellent highway access and visibility. The location supports a large market area. Facilities are tailored to the restoration business.
Market Outlook / Competition
The restoration services industry is highly fragmented and very consistent. It doesn't move with economic cycles, construction markets or other factors. You can't control wind, fire, water and human or mechanical error. When it happens, it needs to be fixed. There are a handful of national players and dozens of mom and pop providers. Typically, companies in this industry serve a 100-150 mile radius of their location.
Customers choose RESTOREPRO because they genuinely are known as the best in their market. In fact, RESTOREPRO is regularly called in to "clean up" after another service providers work. Their technical expertise sets them apart from others in their region and as a result their work is done right the first time. This is a really nice business with top capabilities.