Honolulu, HI Carpet Cleaning - Sales up 42%

Not Disclosed, HI
Honolulu County

Home based - close to customers


Asking Price: Annual Revenue:
$179,000 $159,417

Services: Cleaning


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RE: Honolulu, HI Carpet Cleaning - Sales up 42% Broker: Tom Caltrider

Quick Facts

Asking Price: $179,000
Annual Revenue: $159,417
Net Profit: Not Disclosed
Cash Flow: $91,886
Total Debt: Not Disclosed
FF&E: $70,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 2
BBN Listing #: 682652757
Broker Reference #: Honolulu Carpet

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Business Overview:

The Company is a family-owned business, offering excellent service and value for carpet and upholstery steam cleaning services, with stain removal, pet enzyme treatment and leather upholstery cleaning and conditioning to residential and commercial customers on Oahu, Hawaii. Customers include homeowners and renters, timeshares, vacation rentals and commercial customers. About 20% of their work is for active and retired military. They also do warranty cleaning work for a large warranty company.

INVESTMENT HIGHLIGHTS
• Long tenured and well-known business, satisfying customers since 2000.
• Highly rated on the internet, e.g., Yelp.
• Good sales growth and consistent profitability.
• Offered on a fully turnkey basis with all needed assets including two vehicles.
• Only modestly affected by Covid-19; total 2020 sales were down only 20% from 2019 and they made a good profit, better than most Hawaii businesses.
• Sales and profits have totally recovered from the Covid-19 pandemic: YTD September 2021 sales were up 42.6% over the same 9 months in 2020 and were up 22.8% over the first 9 months of 2019.
• They believe that some of their competitors have closed permanently due to Covid.
• In 2019, the married owners made profits of $91,886 and YTD September (9 months) 2021: $73,829.
• Not a franchise.
• Home based so no rent cost.
• No special licensing or permitting required.
• Makes enough money to enjoy Hawaii’s paradise.
• Enjoyable and easy business to operate.

Offered due to the owner’s retirement. For a copy of our detailed Confidential Business Profile, which shows tax return based financial data and relevant business details, please contact HBS.

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Property Features and Assets:

Home based and offered on a fully turnkey basis, including two branded vans.

Market Competition and Expansion:

There are a number of small competitors in this market and the company differentiates itself by its excellent customer service (they promptly respond to all customer inquiries), use a high-quality low residual hot water vacuum rotary head extraction process, mounted in two fully equipped vans and provide high quality work which results in high customer satisfaction and customer referrals.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • 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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