Water and Fire Damage Restoration and Construction #65133

Through water/fire damage and miscellaneous services, the Company offers disaster management, flood and water damage restoration, fire and smoke restoration, content restoration, and environment services throughout its state and the greater Gulf Coast region. The Company’s management and support team have decades of experience, which allows the Company to complete numerous projects across the diverse region each year. The Company offers services within three main segments, which includes construction (37% of 2020 sales), water/fire damage (41%) and miscellaneous services (22%). Location: Texas Year Established: 2017 Number of Employees: 18 Real Estate: Leased Building Sq. Ft.: 15,000 Rent: $4,750.00 Per Month Facilities: The Company’s management and support team have decades of experience, which allows the Company to complete numerous projects across the diverse region each year. This company is a leading water, fire, storm restoration and construction company throughout Texas region. Market Outlook/ Competition: • Strong Sales Growth - Historical sales have grown from $919,000 in 2018 to $2,159,000 in the fiscal year ending December 31, 2020, representing a compound annual growth rate of 53.3%. Sales have grown consistently year-over-year in the historical period. • Rising Gross Profit Trend - The Company’s gross profit margin increased over the historical period from 50.5% of sales in 2018 to 57.8% of sales in 2020, and is expected to increase over the pro forma period. • Exclusive Relationships - Due to exclusive relationships with insurance carriers, adjusters and project owners, the Company is poised for continued growth with a strong pipeline of inbound projects continuing to fuel activity. • Strong Financial Position - In 2020, the Company’s unadjusted current assets were approximately $640,000 and current liabilities were $279,000. The Company’s unadjusted current ratio was 2.29. Growth & Expansion: *Textiles Cleaning *Contractors Connection TPA *Geographic Expansion