Seller's Contact Information
- RE: Semi-Absentee Air Duct Cleaning Service
- Contact: Ken Tallmadge
Quick Facts
Asking Price: | $395,500 | |
Annual Revenue: | $499,028 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $176,959 | |
Total Debt: | Not Disclosed | |
FF&E: | 35,300 | |
Real Estate: | Not Disclosed | |
Year Established: | 1988 | |
Employees: | 3 | |
BBN Listing #: | 29874955 | |
Broker Reference #: | 1203-17196 |
Business Overview:
Excellent opportunity to own your own well-established HVAC System Cleaning, Water Restoration (carpet cleaning/upholstery cleaning/ pet odor removal), and Chimney Sweep / Dryer Exhaust Cleaning business. The owner operates as a semi-absentee operator (working 16-20 hrs. a week) and he has an established crew for the labor.
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Property Features and Assets:
The business operates out of one side of a 1,562 square foot house located on approximately 0.32 acres that are zoned Residential / Office (RO). The property may be purchased for $420,000 or leased for $2,500 per month ($30,000 per year). The $30,000 rent charge has been charged to the company to account for market rent. The other side of the office is rented and produces a rental income of approximately $12,000 per year that is not included as revenue for the operating business, but would available income to the buyer of the building. Assets - $35,300
Market Competition and Expansion:
The business has a healthy profit margin with an increasing revenue stream due to its loyal customer base, strong customer relations, and variety of professional home services that they provide. The private spending in the home services industry has been strong overall but in the coastal region, it has been extremely solid. Currently, there is little advertising needed for this business to continue to increase its revenue at a rapid rate. Over the next 5 years, the Airduct Cleaning Services revenue is expected to rise at an annualized rate of 3.3%. The industry is expected to benefit from recovering businesses that were impacted by COVID. The local market continues to see an influx of new homeowners relocating to the coastal region. This brings enormous potential for growth.
Reason for Selling:
Retiring.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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