SBA Pre-Approved: Fire Service Investigation Business

Asking Price:

$1,500,000

Financial Overview

Revenue:
$973,102
Income:
$437,363
Multiple:
3.4x

Business Description

Started in 2003, this is a property loss investigation service business based in Lake Elsinore, CA and serving California. The majority of the business is fire investigation – determining the cause of a fire for insurance companies as the clients. The business employs 2 full time employees with 8 additional contract investigators.

The insurance clients call or email assignments daily and usually pay within a month or so. The business averages 500-600 assignments annually. State Farm and Farmers are the biggest clients and comprise ~60% of the base.

The business is naturally COVID-proof and recession-proof: insurance companies will always need a fire investigation service to determine the cause of property loss. The business makes about $500k annual earnings and has been steady income for the owner over the years – now it’s time for him to retire and a new owner can carry on the legacy. The business is SBA preapproved!

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