Kitchen Exhaust and Equipment Cleaning

Not Disclosed, CO


Asking Price: Annual Revenue:
$566,000 $511,828

Services: Cleaning


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RE: Kitchen Exhaust and Equipment Cleaning Broker: Dave Finsterwald
License #: 9

Quick Facts

Asking Price: $566,000
Annual Revenue: $511,828
Net Profit: Not Disclosed
Cash Flow: $154,214
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 9
BBN Listing #: 8952386
Broker Reference #: CD-0904

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Business Overview:

This solid, well established Absentee owned company specializes in cleaning kitchen exhaust systems (hoods, ducts, fans, and filters) for major chain restaurants statewide in Colorado. 70% of their business is repeat, as restaurants are required to have their exhaust systems cleaned every 3 to 6 months as this company deems is necessary. This is Federally mandated and they are licensed for Government Procurement contracts with Federal Prisons and the military bases.

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Market Competition and Expansion:

A new Absentee owner would see a 27.5% return on their investment based on 2022 numbers. The current owner believes the business could double its revenues relatively easy. The current office staff could handle the increased volume without being increased and the real requirement would be an increase in vehicles and cleaning equipment and work staff. Marketing should increase sales and with a 70% repeat business it would not take a tremendous amount of new accounts to double volume.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is not 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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