Listing ID: 71385
Thriving and PROVEN franchise business for sale in West Hartford/Meriden, CT. Become the new owner of the industry leader in indoor air quality. If you are looking for a Covid-Proof business, this may be as close as you can get.
The business comes fully established with MULTIPLE REVENUE STREAMS including 2 retail locations, 3 healthy home product lines, the biggest of which is the air purification followed by floor care and then water filtration/treatment. In addition to the extensive retail segment, the business comes with FAST GROWING RECURRING REVENUE SERVICE CONTRACT BUSINESS! This could be one of the most exciting parts of this business as it seems to be the most easily scalable.
The business is a long-standing (32-year-old) franchise location that can be easily transferred to any new qualified owner! Current owner also holds rights to expand into Torrington, Orange, and Waterbury, CT. All rights expected to go to new owner as well.
What you’re buying: TWO excellent and well-established retail locations, Excellent NET cash flow, huge room for expansion especially in the recurring revenue services space, $93k in after market inventory (new unit inventory on consignment from franchisor which requires a security deposit not included in the sale price), over $15,000 in FF&E, very generous commitment to as much transitional support as needed, 2 managers, 4 employees and MUCH more.
“We understand the value of a deep breath.
Our commitment to creating the purest indoor space possible is deeper than this moment in time—it is decades of laboratory testing, it is iteration upon iteration of our devices, and it is generations of a family invested in environments free from concerns of pathogens.
Trusted by industry leaders, we have built partnerships that share our devotion to fighting pathogens and securing indoor air quality for all.”
Owner seeking to retire. THIS BUSINESS SALE WILL NOT BE AVAILABLE FOR LONG. CONTACT US IMMEDIATELY USING THE “CONTACT” BUTTON ON THIS LISTING TO REQUEST AN NDA AND ALL DETAILS, OFFERING MEMORANDUM AND FINANCIALS.
- Asking Price: $1,980,000
- Cash Flow: N/A
- Gross Revenue: $2,300,000
- EBITDA: $745,000
- FF&E: $15,000
- Inventory: $92,223
- Inventory Included: Yes
- Established: 2001
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Two retail locations (West Hartford and Meriden, CT). Included in sale: Office furniture, fixtures, phones, home show exhibit signs/ banners, fax and copy machines. Inventory that comes with the business: Only after market parts and supplies. New unit inventory on consignment from franchisor and requires a security deposit not included in the sale price.
HUGELY generous transitional support!! Current owner will stay on from 6 months to 5 years in current capacity if needed!
The air purification/surface technology has no competition. Our sales staff offers free pick-up and delivery of our floor care product line using their own vehicles; no competitor fixing floor care equipment offers this service.
The exclusive technology of the brand is the future of the business. Current owner holds the rights to expand in the following markets: Torrington, Orange and Waterbury, CT.
This Business Is An Established Franchise
The business was established in 2001, making the business 21 years old.
The deal shall include inventory valued at $92,223, which is included in the listing price.
The business has 4 employees and is situated in a building with estimated square footage of N/A sq ft.
The real estate is leased by the company for $9,900 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell companies. Nonetheless, the true reason and the one they say to you might be 2 absolutely different things. As an example, they might claim "I have too many other obligations" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might just be justifications to try to conceal the reality of altering demographics, increased competition, recent reduction in earnings, or a range of other reasons. This is why it is very crucial that you not depend totally on a seller's word, however instead, use the vendor's solution along with your overall due diligence. This will paint a much more practical image of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many businesses finance loans so as to cover things like stock, payroll, accounts payable, etc. Remember that sometimes this can imply that revenue margins are too tight. Lots of companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that should be met or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in brand-new clients? Many times, companies have repeat customers, which create the core of their daily profits. Certain factors such as new competitors sprouting up around the area, road building, and also employee turn over can affect repeat customers and also adversely impact future incomes. One essential thing to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business often, the higher the possibility to develop a returning customer base. A final thought is the basic location demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? Just how might the local average household earnings influence future revenue prospects?