Business For Sale

Successful Restoration/Air Duct Cleaning Business

Not Disclosed, MI


Asking Price: Annual Revenue:
$499,000 $643,000

Services: Construction, Contractors


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RE: Successful Restoration/Air Duct Cleaning Business Broker: Tim Carter
Owner Financing is Available!

Quick Facts

Asking Price: $499,000
Annual Revenue: $643,000
Net Profit: Not Disclosed
Cash Flow: $155,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1986
Employees: 5
BBN Listing #: 508531216
Broker Reference #: TC1071618

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Business Overview:

It has been a great 30 year run for the founder/owner/seller of this cash flowing fire and water restoration business which also specializes in air duct cleaning, but now the owner is ready to transition his company to new owners who are interested in taking the business to the next level.

The business comes fully equipped with a large array of equipment including dehumidifiers, air movers, and other tools of the trade. The company owns four large mobile units (think fire department E-unit trucks) which simply must be seen to be appreciated. Two of the units are power vacuum duct cleaning trucks, the most powerful in the industry. The other two trucks are outfitted for restoration work including truck mounted carpet cleaning units, dehumidifiers and blowers. The vehicles and equipment which have an original value exceeding $300,000 are in excellent condition and included in the sale.

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Property Features and Assets:

The company, which employs 5 non-union workers, is located in a functional and well located 10,000 square foot building which is owned by the seller. The real estate may be leased under favorable terms or purchased separately for $400,000.

Market Competition and Expansion:

2017 discretionary earnings were $155,000 on revenues of $643,000. With six months of 2018 in the books, the company is on pace to exceed 2017 results. The business, including all furniture, fixtures, equipment, vehicles and inventory, is being offered for $499,000, which is a very attractive 1.3x the enterprise value. The owner is contemplating an asset sale which would include all assets except cash and A/R. The seller will retire all liabilities prior to closing. In addition, the seller will carry a meaningful seller note for a qualified buyer.

Reason for Selling:

Retirement

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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