Business Description

This mold remediation business has been structured to operate as a franchise with an already developed Franchise Disclosure Document (FDD), including a pathway to potentially reach $50 million in revenue. It primarily serves residential customers (90%) but also caters to commercial needs (10%). The company comes with exclusive rights on organic, toxic-free solutions, which is a significant advantage over the competition.

The company holds necessary licenses, including an IICRC certification and a Home Improvement License, ensuring compliance and credibility. The typical job involves an area of 1500 square feet, costing between $10,000 and $20,000, and can be completed within one to three days. With profit margins ranging from 70-80%, the jobs can be managed by one experienced employee, though they often deploy two. Samples are collected both inside and outside for a comprehensive assessment along with visual inspections during this process.

For technology and marketing, the business employs House Call Pro, which aids in managing home inspections, tracking mold symptoms, handling referrals, and generating leads through platforms like Angie’s List and Thumbtack. They’ve trademarked “Mold Match 20”, allowing them to offer a 20% discount compared to competitors by leveraging their cost-effective solutions. The company stands behind its work with a one-year workmanship warranty, including a courtesy visual check six months after job completion. This commitment to service has built trust and helps in retaining customers.

Financially, the business has shown the capability to generate over $1 million with two to three crews, but the owner’s attention has been divided among multiple ventures, leading to the decision to sell the business. This transition presents an opportunity for new ownership to expand or streamline operations, particularly given the franchise model’s readiness and the high-profit margins in place.

Detailed Information

• Location: New Jersey
• Industries: Service Businesses
• Age of Business: 15
• Seller Financing: No
• Established After Year: 2010