Growing Tech Advanced Water Damage Prevention Product Business

Revenues:
$701,223
Adj. Cash Flow:
$285,196
Region:
Other/Unspecified
Location:
Carolinas
This business has been SOLD and is no longer available. Please visit our main Businesses For Sale page to search all available businesses.

Overview:

Water damage can mean big losses for homeowners. These products support the elimination of water damage risk in the home or office.

Products and Services

  • Two distinct brands combinable into a single entity
  • Products are for residential and commercial consumers
  • Sensor technology works with smartphones, tablets and smart home technology
  • Technology authorizes automatic main water valve shut off when a leak is detected
  • Ideal for every homeowner, but especially snowbirds, multiple homeowners, property management companies, office complexes, commercial buildings, etc.

Strong Management Team

  • Key employees willing to stay after transition

Location and Licensing

  • Currently located in the Carolinas, but can be relocated anywhere
  • Technical skills or licenses not required

Steady Growth

  • Consistent revenue growth annually w/minimal marketing efforts
  • Solid cash flow

Great Opportunity for a Strategic Buyer Looking to Diversify and Expand their Services

  • Plumbing Company – great add-on product
  • HVAC Company – great add-on product
  • Home Security and Home Theater Company/Installers – great product to protect home owner’s expensive valuables
  • Insurance Companies – great for minimizing water damage risk resulting in astronomical claims

Listing Price: Market Value 

Revenue:
$701,223
Adj. Cash Flow:
$285,196

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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