Cooking Grease Filtering Franchise

Not Disclosed, ND
Cass County

Asking Price: Annual Revenue:
$150,000 $173,250

Services: Utilities: Electric, Gas, Water, Sanitary

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RE: Cooking Grease Filtering Franchise Broker: Brad Sturn

Quick Facts

Asking Price: $150,000
Annual Revenue: $173,250
Net Profit: Not Disclosed
Cash Flow: $136,586
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 2011
Employees: Not Disclosed
BBN Listing #: 75884955
Broker Reference #: 5302-15744

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Business Overview:

There are 5 main revenue generating parts of the business:

-Filtafry – Filtering cooking oil, managing oil to reduce clients oil consumption, cleaning fryers and broasters, changing oil when necessary.

-Filtabio – All the waste cooking oil is collected and stored in a shop with two 2100 gallon tanks which are plumbed together. The shop is 600 square feet and costs $385/month plus electricity. The shop is heated. The oil is picked up by a tanker truck in 6000 gallon increments and sold. This part of the business also involves collecting oil from a franchisee in Paynesville, MN (approximately 2000 gallons every 2 months is collected).

-Filtacool – Filtration of air in walk in fridges to reduce humidity and keep produce fresher, longer.

-Filtagold – Selling cooking oil to clients eliminating the need for them to store oil on site.

Filtadrain – A drain treatment product which keeps drains running free and smelling good. This is a relatively new addition to the line which he has not yet launched, so there would be a great chance to increase revenue if this was launched.

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Property Features and Assets:

600 sq ft shop which costs $385/month plus electricity. The shop is heated. Assets = $23,500

Market Competition and Expansion:

Per Seller, there are no competitors that he is aware of, as no other business offers these services. There are numerous opportunities for growth. Launching Filtafold and Filtadrain are areas of opportunity. He has relied on word of mouth for the last 8 years to grow the business and has not actively “sold” the services. If the new owner proactively spent time and resources to sell the services, there is potential to grow the business quickly. Also, the new owner could start offering services in Grand Forks. Utilizing telesales, which are phone sales offered by the corporate office, would be another avenue to explore. This would involve professional sales people soliciting businesses to offer their services.

Reason for Selling:

The owner operates another business.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is a franchise resale opportunity.

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