Floor Care Products and Air Purification Equipment

Not Disclosed, ND
Stark County

Asking Price: Annual Revenue:
$270,000 $564,446

Services: Cleaning

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RE: Floor Care Products and Air Purification Equipment Broker: Brad Sturn
Owner Financing is Available!
$202,500 down / $67,500 over 60 months @ 8%.

Quick Facts

Asking Price: $270,000
Annual Revenue: $564,446
Net Profit: Not Disclosed
Cash Flow: $11,902
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: Not Disclosed
Year Established: 2004
Employees: 4
BBN Listing #: 90544955
Broker Reference #: 5302-16532

Email or Print Listing

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Business Overview:

This Retail Vacuum Center carries a full line of residential and commercial floor care equipment. They carry models such as Dyson, Hoover, Kirby, Royal, Miele, bObsweep, Nellies, Hizero and Riccar, which is their premier and protected line of products. Their territory includes the Dickinson/Williston/Watford city area. No one else can carry the Riccar brand product in these areas except for this store.

In addition to carrying many floor care brands/products, they also offer air purification systems from Austin Air, Ideal and Masion Berger. Humidifiers, De-Humidifiers, robots, odor removal products and a full line of chemicals to clean your entire home or business is also what they carry. They rent floor extractors and are a full-service center for every product that they carry. They have built a reputation for carrying the best brands/products and for having service second to none. They have a Facebook page and Google recommendations, as well as other Facebook and Instagram comments left by their customers. They are well known in the area for being a first-class professional company that is easy to do business with, and that carries great products.

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Property Features and Assets:

Current lease is month-to-month and lease approximately 5,000 square feet. They have been in the same location since they have opened and pay $2,000/month base rent. Assets = $172,000.

Market Competition and Expansion:

There is little to no competition in this area that compares to what this company does and offers. If pressed for an answer, big box retailers like Wal-Mart and Menards that carry some floor care products would be their only competition. They welcome this competition because their products significantly outperform what these big box stores carry, making it easy to gain new business. This company has continued growth potential. They are barely scratching the service on their commercial accounts that they continue to gain each year. A heavy focus in this area could show sizeable growth quickly. Other areas of potential growth are with new products. Known for bringing in the latest state of the art technology in home cleaning. Other discussion points could be with adding on a home or commercial cleaning service division, carpet cleaning division or even branching out into appliances. The owner has been approached by employees of an appliance business in this area about bringing them on and expanding into appliances. Another area of growth that will come naturally will be from the increased population in the area. This area continues to grow because of the strong manufacturing firms and oil activity in its backyard.

Reason for Selling:

Spend more time with family.

Additional Details:

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

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