Listing ID: 82965
Business Overview
Get ready to shine! Well-established franchise cleaning business for sale. Serving Acadiana for decades, this full-service cleaning business has long-term employees and some established contracts in place. Great reputation for attention to detail and client satisfaction. All equipment, including company vehicles, needed to operate the business is included in sale. Seller is open to some owner financing for the right Buyer. Seller will provide training to ensure smooth transition and continuing success. Call Courtney Trahan at 337-234-7008 today!
Financial
- Asking Price: $319,000
- Cash Flow: $133,000
- Gross Revenue: $620,000
- EBITDA: N/A
- FF&E: $45,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2013
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:12
- Furniture, Fixtures and Equipment:N/A
Other business interests
Additional Info
The company was started in 2013, making the business 9 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell companies. However, the genuine factor vs the one they say to you might be 2 absolutely different things. For instance, they may say "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these may simply be reasons to attempt to conceal the reality of altering demographics, increased competition, recent decrease in profits, or a range of various other reasons. This is why it is extremely essential that you not depend entirely on a seller's word, yet rather, utilize the vendor's answer together with your total due diligence. This will paint a more practical image of the business's present situation.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Many companies borrow money so as to cover items like inventory, payroll, accounts payable, etc. Remember that sometimes this can indicate that earnings margins are too tight. Numerous companies come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that should be satisfied or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in new customers? Many times, companies have repeat customers, which form the core of their daily earnings. Specific aspects such as brand-new competitors sprouting up around the area, roadway building, and personnel turn over can impact repeat clients as well as adversely affect future profits. One vital thing to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business on a regular basis, the better the chance to construct a returning customer base. A last thought is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? Just how might the regional typical household earnings impact future earnings prospects?
