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!