Listing ID: 80997
Business Overview
Are you trying to strike a family/work balance? This might be the perfect opportunity for you – and you only have to work three days a week to bring in a steady income. This successful carpet cleaning business has thrived for decades strictly on word-of-mouth referrals from their clients. Known for high-quality, consistent service, this business has an impressive client list. The current owner only works 3 days a week, roughly 18 hours, and services only commercial businesses. This schedule allows for flexibility and advance planning for family travel. One of the specialized services this business offers is a very niche cleaning that other similar businesses are not offering. (Inquire for details!) New owner could further expand the business by creating a website as well as making a social media presence.
Locally, the Reno, Sparks, and Carson City area has a small town feel with a big city attitude. The city offers excellent shopping and dining options, robust nightlife offerings, high-performance schools, including a Tier 1 University with over 25,000 students—and is just a half hour from beautiful Lake Tahoe.
From a Business perspective, Northern Nevada is highly regarded as a pro-business, low-tax environment that appeals to a wide range of business and industry. With no personal, corporate, franchise, estate, inheritance, or inventory tax, it’s no wonder that Nevada ranks #7 Most Business-Friendly Tax Climate.
Financial
- Asking Price: $90,000
- Cash Flow: $51,822
- Gross Revenue: $80,095
- EBITDA: N/A
- FF&E: $45,000
- Inventory: $2,000
- Inventory Included: N/A
- Established: 1996
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:1
- Furniture, Fixtures and Equipment:N/A
2 Weeks - Negotiable
Retirement - Owner needs to slow down!
Current owner has succeeded by consistently offering impeccable services and has shown to be reliable year after year in a competitive industry. One of the specialized services this business offers is a very niche cleaning that other similar business are not offering. (Inquire for details!) Owner has very specialized equipment, including a truck-mounted carpet cleaning machine as well as air blowers, buffers and wands. All equipment is in good shape and is included in the sale of the business.
New owner could expand revenues by creating a website, getting involved with social media. Current owner will show the new owner how to bid future work, show them the proper cleaning process, introduce them to current clients to ensure a smooth transfer of ownership.
Additional Info
The venture was established in 1996, making the business 26 years old.
The deal won't include inventory valued at $2,000*, which ins't included in the requested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell businesses. However, the true factor vs the one they say to you may be 2 totally different things. For instance, they might claim "I have way too many other obligations" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might just be justifications to attempt to conceal the reality of transforming demographics, increased competition, recent reduction in incomes, or a variety of various other reasons. This is why it is very essential that you not count entirely on a vendor's word, however rather, use the seller's answer together with your overall due diligence. This will paint a much more sensible picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Numerous companies borrow money in order to cover items like inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can mean that earnings margins are too small. Numerous companies come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that need to be fulfilled or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract new consumers? Most times, companies have repeat clients, which form the core of their everyday earnings. Specific variables such as brand-new competition sprouting up around the location, road construction, and also personnel turn over can influence repeat clients as well as negatively influence future earnings. One essential point to consider 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 higher the chance to develop a returning consumer base. A last thought is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the edge of town? Just how might the neighborhood typical home earnings influence future earnings prospects?
