Listing ID: 73422
This Owner-operated franchise re-sale has been servicing Central Ohio for nearly 40 years. The nationally recognized franchisor has been in business since the mid-twentieth century, with updated and expert support. Services comprise general janitorial and commercial cleaning which includes carpets, floors, windows, upholstery, and more. Clients include banks, factories, car dealerships and other professional offices.
Revenues have steadily increased over the past several years with the potential to maintain the growth pattern.
This is all set for a new owner to take over; marketing, customized software and a system that has worked for decades is set in place.
- Asking Price: $545,000
- Cash Flow: $186,000
- Gross Revenue: $1,330,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:75
- Furniture, Fixtures and Equipment:N/A
Leased for $1,565/mo., but business can be relocated to any location within or near the service area.
Sellers are willing to train and one owner is willing to stay as the office manager.
Service area covers Franklin County as well as several counties to the south and east of Columbus, OH.
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell businesses. Nonetheless, the real factor and the one they say to you may be 2 totally different things. As an example, they might state "I have a lot of various obligations" or "I am retiring". For many sellers, these reasons stand. But, for some, these might simply be excuses to try to hide the reality of transforming demographics, increased competition, current decrease in incomes, or an array of various other reasons. This is why it is very essential that you not rely totally on a vendor's word, however instead, use the vendor's solution combined with your total due diligence. This will paint an extra practical picture of the business's existing situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses finance loans with the purpose of covering things like stock, payroll, accounts payable, and so on. Keep in mind that sometimes this can imply that revenue margins are too tight. Lots of companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that need to be satisfied or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in brand-new consumers? Many times, operating businesses have repeat consumers, which develop the core of their everyday profits. Specific variables such as new competition sprouting up around the area, roadway building and construction, and employee turnover can affect repeat consumers as well as negatively impact future profits. One vital thing to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business regularly, the better the chance to build a returning consumer base. A final thought is the general location demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? How might the regional median family income effect future earnings potential?