Listing ID: 80597
Business Overview
West Maui’s trusted cleaning service for over 30-years,is licensed, bonded, insured, and certified by the institute of Inspection Cleaning and Restoration Certification. Providing expert cleaning for: carpets, windows, stone care, flood damage, red dirt stains, granite counter tops, sofas, upholstery, and glass, etc. The service relies on the safety of powerful machinery & the intelligent use of cleaning agents. The company uses both mobile & truck mounted hot water extraction machines depending on clients needs, and organically and sustainably derived chemicals for most needs. Additional the best synthetic cleaners can be used if necessary. Personal visits each location before cleaning are used to be assure outstanding outcomes as close to estimate as possible.
Financial
- Asking Price: $499,000
- Cash Flow: $225,000
- Gross Revenue: $530,000
- EBITDA: N/A
- FF&E: $41,000
- Inventory: $2,000
- Inventory Included: Yes
- Established: 1990
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,000
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
1,000 sq ft warehouse with a loft office.
3-weeks free & 1-year consulting.
Additional Info
The business was started in 1990, making the business 32 years old.
The deal shall include inventory valued at $2,000, which is included in the requested price.
The business has 3 employees and resides in a building with disclosed square footage of 1,000 sq ft.
The property is leased by the company for $2,251.03 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell companies. Nonetheless, the real factor and the one they say to you might be 2 absolutely different things. As an example, they may say "I have too many various obligations" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might simply be justifications to attempt to hide the reality of changing demographics, increased competitors, recent reduction in revenues, or a range of various other factors. This is why it is really important that you not rely completely on a vendor's word, yet rather, utilize the seller's response combined with your overall due diligence. This will paint a much more practical picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous businesses finance loans with the purpose of covering things like stock, payroll, accounts payable, and so on. Keep in mind that occasionally this can imply that earnings margins are too thin. Many companies fall 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 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 have to be fulfilled or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area draw in new consumers? Often times, businesses have repeat clients, which create the core of their everyday profits. Specific aspects such as new competitors growing up around the location, road construction, and personnel turn over can influence repeat consumers and also adversely impact future earnings. One vital thing to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business regularly, the better the opportunity to build a returning customer base. A final idea is the basic location demographics. Is the business situated in a largely populated city, or is it situated on the outskirts of town? How might the regional typical family earnings impact future income prospects?
