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- RE: Highly Profitable Charleston Parking Lot Maint.
- Contact: Ken Tallmadge
Quick Facts
Asking Price: | $950,000 | |
Annual Revenue: | $875,735 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $274,972 | |
Total Debt: | Not Disclosed | |
FF&E: | $160,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2021 | |
Employees: | 10 | |
BBN Listing #: | 2474955 | |
Broker Reference #: | 1203-17867 |
Business Overview:
This Charleston business is a well-established commercial parking lot maintenance company with a strong crew in place and a manager for operations. Over 80% of the business is from assignable contracts. The owners are responsible for administrative duties, securing contracts, and maintaining the obligations of the contracts. The purchase price comes with all of the vehicles and equipment needed to service the current client base.
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Property Features and Assets:
The business rents parking space from a local storage rental facility for trucks and equipment. Monthly the cost is $2,332. This business is easily relocatable as there are many storage facilities in the area. Assets = $160,000.
Market Competition and Expansion:
There are a few competitors but most of the business is from a strong referral base and relationships with local companies. The largest competitor is based out of the local area. Over the next 5 years, the Parking Lot Maintenance revenue is expected to rise at an annualized rate of 1.8%. The industry is expected to benefit from recovering businesses that were impacted by COVID. The local market continues to see an influx of businesses and homeowners relocating to the coastal region. This brings enormous potential for growth.
Reason for Selling:
Selling the business to pursue other interests.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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