Listing ID: 80684

Business Overview

Be in business for yourself! Company provides excellent service and value for carpet and upholstery steam cleaning services to residential and businesses, to include homeowners and renters, vacation rentals, and commercial customers on Oahu, Hawaii.

INVESTMENT HIGHLIGHTS

1. Good sales growth and consistent profitability. 2021 sales exceeded 2019 sales and January 2022 sales were up 48% over January 2021, both showing the continuing recovery from Covid.
2. 2021 family profits of $81,118.
3. Attractively priced at $149,000.
4. Two fully equipped vehicles, supplies and cell phone business number.
5. Top rated – five stars on Yelp.
6. Essential business service supporting the maintenance safety, sanitation, and essential operation of residences and businesses and operations.
7. Contract work for a large upholstery warranty company.
8. Benefit from value of a solid customer base, good customer relations, and branded vans.
9. Customer scheduling and support can be done while mobile or on site.
10. Good growth potential.

Offered due to the owner’s retirement. For a copy of our detailed Confidential Business Profile, which shows tax return based financial data and relevant business details, please contact HBS.

Financial

  • Asking Price: $149,000
  • Cash Flow: $81,118
  • Gross Revenue: $160,464
  • EBITDA: N/A
  • FF&E: $70,000
  • Inventory: $500
  • Inventory Included: Yes
  • Established: 2000

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:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Home Based. Offered on a fully turnkey basis, with over $70,000 of tangible assets including two branded and fully equipped vans and all cleaning equipment. Includes $500 of cleaning material Inventory (Home Based)

Is Support & Training Included:

two (2) weeks; 30 hrs./wk., on-the-job and administrative

Purpose For Selling:

Retirement

Pros and Cons:

Small number of competitors in this market. Company differentiates itself by its excellent customer service and use of a professional, high-quality, low residual hot water vacuum rotary head extraction process.

Opportunities and Growth:

1. Offer new services, e.g., fabric protection, flea & tick treatments, and 2. Add additional cleaning technician as work level is now at capacity.

Home Based:

This Business Is Home Based

Additional Info

The business was started in 2000, making the business 22 years old.
The sale shall include inventory valued at $500, which is included in the requested price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals resolve to sell operating businesses. Nevertheless, the genuine reason and the one they say to you might be 2 totally different things. For instance, they may state "I have a lot of other commitments" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these might just be reasons to try to hide the reality of transforming demographics, increased competition, current reduction in incomes, or an array of various other reasons. This is why it is really essential that you not rely completely on a vendor's word, but rather, utilize the vendor's response together with your total due diligence. This will repaint a much more practical picture of the business's present situation.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses borrow money with the purpose of covering points such as stock, payroll, accounts payable, etc. Bear in mind that occasionally this can imply that revenue margins are too thin. Many companies fall into 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 commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that need to be satisfied or may result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area bring in brand-new consumers? Most times, companies have repeat clients, which form the core of their daily earnings. Specific aspects such as brand-new competitors growing up around the area, road construction, and personnel turnover can affect repeat consumers as well as adversely influence future incomes. One essential thing to consider is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business often, the better the chance to build a returning consumer base. A last thought is the basic area demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? Just how might the local typical family earnings impact future income potential?