Business Overview:
Established in 1992, this business began by focusing primarily on residential carpet cleaning. In 1998, the focus shifted to their current commercial cleaning operation while maintaining a healthy, yet selective residential client base. The commercial cleaning targets primarily restaurant carpet cleaning as well as tile cleaning in these same facilities.
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Market Competition and Expansion:
This business has tremendous upside potential and as can be seen by the single owner operator’s SDE (Seller’s Discretionary Earnings) is extremely profitable as a percentage of Gross Revenues. 2008 projects are conservative at approximately 10% (past year’s increases were more in line with 12%) and the owners feel this is very realistic as a result of client commitments they have in place or are currently working on obtaining. As the business stands right now, they handle approximately 48% of the service work in this niche market and believe that a new owner with more enthusiasm should be able to capture more of this market. They currently do no advertising other than the owner’s calling on accounts and most new business is obtained from word-of-mouth or current client referrals. The current structure of the business should allow for a smooth transition to a new owner. The systems in place make the day to day operation of the business simple and basic. A new owner has an excellent base from which to grow!
Reason for Selling:
Owners would like to pursue other business interest.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.