Business For Sale

High-End Rug Restoration, Cleaning, and Sales

Santa Monica, CA
Los Angeles County


Asking Price: Annual Revenue:
$89,999 $118,008

Services: Cleaning


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RE: High-End Rug Restoration, Cleaning, and Sales Broker: Alex Estrin

Quick Facts

Asking Price: $89,999
Annual Revenue: $118,008
Net Profit: Not Disclosed
Cash Flow: $78,542
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1987
Employees: 2
BBN Listing #: 517811895
Broker Reference #: BizEx1210-AE

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Business Overview:

Over the last 30 years, the owner has been cleaning, selling, and restoring high-end expensive rugs, generally valued between $2,000-$10,000.

Majority of his business is on the West Side, serving clients with a lot of disposable income. Typical clients include entertainment professionals, doctors, lawyers, and business professionals.

Many years ago, the owner traveled to the Middle East where he learned how to make high-end rugs from scratch and has perfected a cleaning and restoration method. He will train the new owner how to do the same.

The earnings of the company have been flat because the owner is 77 years old and has been cruising based upon his recurring revenue base. He doesn’t do any marketing because he’s looking forward to retiring. The new owner can easily expand the business by doing some basic marketing that the current owner used to do, including Yelp, and newspaper advertising.

The owner has vendors who he’s trained to provide the services for his business, which means the owner has little overhead and virtually no payroll. The owner is essentially marketing his business, selling his services/expertise and has vendors doing fulfillment.

The ideal new owner is more of a marketing person than a rug person because the services are outsourced. The new owner will market, handle the sales, and instruct vendors on how to do the restoration. Training will be provided.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

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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