Growing Disaster Mitigation and Restoration Business in Charlotte (#1467)

Revenues:
$1,463,000
Adj. Cash Flow:
$388,000
Region:
North Carolina
Location:
Greater Charlotte
This business has been SOLD and is no longer available. Please visit our main Businesses For Sale page to search all available businesses.

Overview:

Recession-resistant / Fast-growing market / Experienced management team / 2.1X SDC

Overview

  • 2018 revenues up 23% and cash flow up 66% from increased restoration work
  • Current owner does not personally make service calls
  • Off-hour calls average 4-6 / month

Name brand, highly-rated franchise serving residential and commercial properties impacted by flood or fire damage. Extensive training and ongoing support provided. Transaction has been pre-qualified for a 10-year SBA loan.

Revenue:
$1,463,000
Adj. Cash Flow:
$388,000

Your Listing Advisor.

Mike Donahue

Mike Donahue

Partner

Mike comes to the Viking team with over 30 years of leadership and entrepreneurial experience in accounting and finance, operations, and sales. He has a broad background across a variety of businesses, in nature and in scale, as well as extensive merger and acquisition experience. He has been successful in industry consolidation, turnaround, and start-up situations.

Soon after beginning his career as a CPA for a major accounting firm, Mike was recruited into a client’s corporate accounting group, where he quickly determined that his interest – and value – was with the company’s operations. That led to a series of divisional CFO roles for a number of different businesses, culminating in Mike becoming the corporate CFO. In that role Mike played a key part in developing and executing the growth strategy for the business, focusing on industry consolidation. Over the ensuing 8 years, the company completed more than 40 deals and was itself later sold at a substantial market premium. Mike then went on to run an industry-leading, multi-site manufacturer, where he led a dramatic turnaround in profitability. Following Mike’s exit from the corporate world, he chose to focus on more local and entrepreneurial ventures, first in consulting and later starting his own distribution business in Charleston, SC. Through that experience, he came to appreciate the unique challenges and opportunities of business ownership. Those insights along with his extensive management and deal experience are ideally suited to assist Viking’s clients.

Throughout his career Mike has come to be known for his objectivity in making important business decisions, his innate analytical skills, and his ability to connect with people from all walks of life. Mike aligns well with all of Viking’s core values, in particular integrity, innovation and collaboration.

Mike is the youngest of seven and the only family member to earn a college degree, a BS in Accounting from the University of Scranton. He and his wife Niki have five children. Away from work they enjoy boating, playing tennis, and cooking.

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