Business Overview

This business has a great reputation with a long list of returning clients. Highly profitable and a proven process for the best carpet cleaning. They have the ability to clean your small area rugs or your entire Hotel. They utilize their patented process and cleaners to achieve the very best results. This is why they have clients that keep calling back. All this business needs are new owner. The seller is simply ready to retire. For additional information please contact listing agent William Griswold at 804-721-4960 or william@fcbb.com.

Financial

  • Asking Price: $135,000
  • Cash Flow: $112,630
  • Gross Revenue: $205,840
  • EBITDA: N/A
  • FF&E: $10,000
  • Inventory: $1,000
  • Inventory Included: Yes
  • Established: 2016

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This listing is a home based. Seller is active with 3 FT and 1 PT employees. Hours of operation are 9am to 5pm, Monday to Friday. $1,000 in inventory and $10,000 in FF&E included in the asking Price. Other Assets include cleaning equipment. (Home Based)

Is Support & Training Included:

1 month

Purpose For Selling:

Retiring

Home Based:

This Business Is Home Based

Additional Info

The company was started in 2016, making the business 6 years old.
The transaction will include inventory valued at $1,000, which is included in the asking price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals decide to sell businesses. However, the real factor vs the one they say to you might be 2 absolutely different things. As an example, they might state "I have too many other responsibilities" or "I am retiring". For many sellers, these factors are valid. However, for some, these might simply be reasons to try to conceal the reality of changing demographics, increased competition, recent reduction in incomes, or a variety of various other reasons. This is why it is very vital that you not count entirely on a vendor's word, but instead, use the seller's answer in conjunction with your general due diligence. This will paint an extra realistic image of the business's present scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses finance loans with the purpose of covering items like supplies, payroll, accounts payable, so on and so forth. Remember that in some cases this can mean that profit margins are too small. Many businesses fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that must be satisfied or might lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location draw in brand-new customers? Many times, operating businesses have repeat customers, which form the core of their day-to-day revenues. Certain factors such as brand-new competitors sprouting up around the location, roadway construction, as well as employee turnover can affect repeat clients and also negatively influence future profits. One vital thing to take into consideration is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Obviously, the more individuals that see the business on a regular basis, the higher the possibility to construct a returning client base. A last thought is the general area demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? How might the regional median house earnings influence future income potential?