Seller's Contact Information
- RE: Repeat Apartment Complex Clients: Carpet Cleaning
- Contact: Jared Olson
Quick Facts
| Asking Price: | $895,000 | |
| Annual Revenue: | $788,645 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $300,956 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 358,700 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1987 | |
| Employees: | 7 | |
| BBN Listing #: | 390034398 | |
| Broker Reference #: | TRA038-H |
Business Overview:
Own this passively managed business with a GM in place who operates all day-to-day responsibilities. For over 30 years this mainly business to business company has maintained reoccurring/ repeat clients such as corporate owned housing, large rental house property owners, Condos and Apartment complexes. When a tenant moves out, the owner must clean, maintain, restore and repair all carpets and flooring before a new tenant moves in. Most of these clients have lengthy waiting lists, so it is imperative to get the unit cleaned and “move in” ready. This company has developed the reputation to be reliable, detailed and that has earned them a 90% repeat client base! The company produces $300,000 in profit on a 2-year average with a high margin of 31%.
Priced at $895,000, at 10% down payment of $89,500 returns $168,022 in the first year after debts, a 187% ROI! The seller has offered to carry 10% of the purchase price and provide a 6-month transition period as a show of good faith in the continued success of the business. 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:
7 Vehicles: $358,700 3 Chevy 2500’s & 3 GMC 2500’s & 1 Chevy Van and Equipment
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 homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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