Business Overview

Reputable Carpet & Upholstery Cleaning Franchise based in CT, in business since 1986 with solid reputation in the area. This is a Well-established Business with trained, certified technicians providing excellent cleaning services for both Commercial and Residential accounts.

They offer Carpet Cleaning, Pet Urine & Odor Removal, Furniture Cleaning, Tile & Stone Cleaning, Area & Oriental Rugs, Specialty Stain Removal, Countertop Renewal and Wood Floor Cleaning.

Their tested and proven product removes allergens and airborne bacteria from carpets and upholstery improving indoor air quality.

Angie List Reward. 4.7 Google Rating with many reviews. Active website and online presence.

Financial

  • Asking Price: $275,000
  • Cash Flow: $150,000
  • Gross Revenue: $530,000
  • EBITDA: $150,000
  • FF&E: N/A
  • Inventory: $500,000
  • Inventory Included: N/A
  • Established: 1986

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:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Will provide

Purpose For Selling:

Retirement

Additional Info

The business was started in 1986, making the business 36 years old.
The deal won't include inventory valued at $500,000*, which ins't included in the requested price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals choose to sell businesses. Nonetheless, the true factor and the one they tell you may be 2 absolutely different things. For instance, they might state "I have a lot of other commitments" or "I am retiring". For many sellers, these reasons stand. However, for some, these may simply be reasons to try to conceal the reality of changing demographics, increased competitors, current reduction in revenues, or a range of various other factors. This is why it is very crucial that you not count totally on a vendor's word, however rather, utilize the vendor's response together with your total due diligence. This will paint a much more realistic picture of the business's existing scenario.

Existing Debts and Future Obligations

If the current company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies take out loans with the purpose of covering points like supplies, payroll, accounts payable, and so on. Remember that in some cases this can indicate that profit margins are too thin. Lots of businesses fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that have to be fulfilled or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area attract brand-new customers? Most times, operating businesses have repeat clients, which develop the core of their daily revenues. Particular elements such as new competitors growing up around the area, roadway building, and employee turnover can influence repeat consumers as well as negatively influence future profits. One essential thing to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business regularly, the better the opportunity to develop a returning consumer base. A final thought is the basic area demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? How might the local mean house income influence future income potential?