Price Reduced $30,000 Two Grout Medic Markets

Cincinnati, OH
Hamilton County

Cincinnati and Dayton Markets

Asking Price: Annual Revenue:
$99,000 $265,000

Services: Home Improvement, Repair, Painting

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RE: Price Reduced $30,000 Two Grout Medic Markets Broker: Vernon Suemnicht

Quick Facts

Asking Price: $99,000
Annual Revenue: $265,000
Net Profit: $46,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $29,000
Real Estate: Not Disclosed
Year Established: 2007
Employees: 3
BBN Listing #: 473044695
Broker Reference #: BBN-GM-ohio

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Business Overview:

This is an excellent opportunity to purchase a successful well-established 12-year-old Grout Medic franchise business. The business includes the large affluent Cincinnati and Dayton Markets!

The business has a lot of upside potential for sales and profit growth with historic data proving it. The valuation is low making this an incredible purchase opportunity once you understand why the Seller is asking so little for the business.

Prior to 2017, the Seller was very hands-on with the business. Sales reaching and exceeding $460,000 and taking a salary of $102,000. Tragedy struck and the owner suffered a debilitating back injury in 2017 and was forced to take a part-time role in his business. This resulted in a reduction in sales as he was the motivating salesperson who in 2016 generated over $450,000 and 2015 over $460,000 in sales along with substantial profits each year. The injury also increased his expenses as he had to hire additional staff to take over the positions he previously handled. This further affected profitability.

The business is turnkey with all the infrastructure, equipment, staff in place to take this business back to the sales levels of 2016 and before then grow the business past the $500,000 mark. All this business needs is a motivated new owner to drive the sales back to the 2016 levels and higher.

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Property Features and Assets:

Get to Know The Grout Medic The Grout Medic leads the tile and grout cleaning and restoration market, using and innovating the most cutting-edge products, equipment, and techniques to bring grout and tile back to life. We specialize in performing services on existing grout and tile surfaces in both the residential and commercial markets. In addition to tile and grout cleaning, we offer other services including re-grouting, grout staining, grout sealing, tile replacement services and more. As a company, The Grout Medic is deeply devoted to providing excellent service and superior customer experience. Because of our commitment to quality, our great reputation has spread through the industry as the most trusted name in grout and tile care.

Market Competition and Expansion:

There are few business opportunities that offer such a defined path to success and historic documentation to validate it.

Reason for Selling:

Stopped managing the business in February 2017

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is a franchise resale opportunity.

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