Listing ID: 77528
Are you ready to own your own business? This is a great opportunity to take control of your own destiny. This franchise is nationally known and already a household name. The business plan, training, and support of a franchise will allow you to focus on growling the already established business.
Currently, the owner enjoys an almost absentee workload. The owner watches the advertising, the books, and deals with HR issues as necessary. The day to day is managed by a corporate service center that fields calls and books cleanings. Employees drive company vans to service the clients.
The business has been running on one van and one employee and was growing in it’s first year. Covid caused the next phase of growth to be delayed. A second van and two more employees are now on board with sales growth continuing from pre-covid.
One of the vans is included in the purchase and the other is available if desired.
The franchise is for a territory and a half with an option for another.
Franchisor support includes training, marketing support, and national scheduling center with excellent close rate.
- Asking Price: $59,995
- Cash Flow: N/A
- Gross Revenue: $129,360
- EBITDA: N/A
- FF&E: N/A
- Inventory: $3,000
- 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:3
- Furniture, Fixtures and Equipment:N/A
This Business Is Home Based
The deal won't include inventory valued at $3,000*, which ins't included in the listing price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell businesses. However, the real factor and the one they tell you might be 2 entirely different things. As an example, they may claim "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might simply be reasons to try to conceal the reality of changing demographics, increased competitors, current decrease in earnings, or a variety of various other factors. This is why it is extremely vital that you not count entirely on a seller's word, however rather, utilize the vendor's response in conjunction with your general due diligence. This will paint a much more sensible picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses finance loans in order to cover points like stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can imply that revenue margins are too small. Many organisations come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that have to be met or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract brand-new consumers? Most times, operating businesses have repeat consumers, which develop the core of their everyday earnings. Certain aspects such as brand-new competitors sprouting up around the location, road construction, as well as staff turn over can influence repeat consumers as well as negatively affect future revenues. One important thing to think about is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business often, the greater the opportunity to develop a returning consumer base. A final thought is the basic area demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? Just how might the neighborhood typical home income effect future earnings potential?