This is a successful residential remediation business in Southern Ontario. It is a highly regarded franchise with significant training and support systems. This is an Asset Sale so the new owner will set up new agreements for the insurance companies it is aligned with. The franchisor will assist with this process as needed. The purchaser will also need to be approved by the Franchisor as a condition of the purchase. The current owner is prepared to provide a meaningful VTB loan to a qualified buyer to facilitate the transaction.
The business is having a very strong 2022 based upon mid-year results. It expected to exceed $500,000 in normalized cash flow in 2022. This is based upon improvements to Gross Profit plus a 12% increase in revenue. The franchisor and the sector are also experiencing solid positive growth this year.