Reoccurring Apartment Floor Cleaning $350K Profit

Omaha, NE
Douglas County


Asking Price: Annual Revenue:
$875,000 $854,715

Services: Cleaning


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RE: Reoccurring Apartment Floor Cleaning $350K Profit Broker: Jared Olson
Owner Financing is Available!
10% Buyer Down Payment $87,500 10% Seller Financing $87,500 80% Bank Loan $700,000

Quick Facts

Asking Price: $875,000
Annual Revenue: $854,715
Net Profit: Not Disclosed
Cash Flow: $356,175
Total Debt: Not Disclosed
FF&E: $286,000
Real Estate: Not Disclosed
Year Established: 1987
Employees: Not Disclosed
BBN Listing #: 413734398
Broker Reference #: TRA038-F

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Business Overview:

Over 75% of client base is multifamily apartment complexes. Their primary services offered include carpet cleaning (85%) repair (10%) and miscellaneous services like minor water damage repair and hard floor/tile cleaning (5%) for their property management client base. These assets of over $250,000 included in the purchase include 6 vehicles and all of the necessary equipment for the business to continue operating as it is. This business had over $300,000 with a 42% profit margin. Established over 30 years ago, the owner is ready to sell the company to embrace a next chapter. This business would be an ideal acquisition opportunity for an up-and-coming buyer looking to get a foot in the door of the carpet cleaning industry with their excellent and capable staff as well as the 6-month training period offered by the current owner.

Priced at $875,000, at 10% down payment of $87,500 returns $166,212 in the first year after debts, a 190% ROI! This business could also be a unique opportunity for a cleaning service that is looking to add carpet and floor work to their available service repertoire. Either way, a new owner will have a significant number of additional projects available to them without additional investments and have the opportunity for growth by expanding their geographic service area or crew. Everything that new ownership could possibly need to enjoy and build on this highly profitable business.

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Property Features and Assets:

Assets Included in Purchase: $286,000 6 Vehicles: $258,000 3 Chevy 2500’s & 3 GMC 2500’s Equipment: $28,000 Intangible Assets: Excellent long-standing reputation, high levels of repeat clients, exponential room for growth on current baseline.

Reason for Selling:

Shifting focus to non-competing business.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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