Does anyone know of cleaning and restoration business for sale in CT?

November 08, 2024

by a searcher from University of Connecticut in Greenwich, CT, USA

Currently evaluating buying a franchise but would love something that’s profitable today.

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Reply by a searcher
from Harvard University in Nashville, TN, USA

John, highly recommend against franchises like ServPro. At scale, you'll be doing 15-20% net margin. Franchises take a 4-7% cut off the top so you can do the math. The value-add is pretty limited imo, given that they're taking a third of your profits every year w/o doing much.
You can reach me at redacted

Reply by a lender
in Falmouth, MA, USA

Thanks for the tag, Luke. John, I’ve handled quite a few restoration deals, and I’m based in Massachusetts. While I don’t have a lead on one for sale right now, feel free to pick my brain on industry dynamics, financing, or anything else that could be helpful.

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