Listing ID: 79466
PRICE REDUCED Established 12 years this business offers professional cleaners that take care of all commercial kitchen needs. They do the dirty work most restaurants don’t want to do. All of the work that they perform adheres to National Fire Protection Association (NFPA) standards and they are fully trained on the latest requirements, techniques, and standards. This is one of the top Franchises in the US and they have the most experience in both the cleaning and maintenance industry. Their Company offers numerous services which are applicable to any property with a commercial kitchen. These services include Oven cleaning, Pressure washing, Grease containment, Kitchen exhaust cleaning, Appliance restoration, Dumpster pad cleaning and More! Currently they are scheduled every day for one year in advance and their sales have grown to over $500k per year. There is much more growth available!! Don’t Miss This Opportunity! Please refer to listing 7301-579825, Business Broker John Devries 772 260-7647 when you inquire about this listing.
- Asking Price: $999,999
- Cash Flow: $298,155
- Gross Revenue: $480,366
- EBITDA: N/A
- FF&E: $100,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2009
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,000
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Lease/Month: 990 Square Footage: 1,000 Building Type: Commercial Terms & Options: Negotiable Expiration Date: 1/1/2026
2 weeks training at no cost
Non Compete : Miles: 100 Years: 5
This Business Is An Established Franchise
The venture was established in 2009, making the business 13 years old.
The business has 4 employees and resides in a building with approx. square footage of 1,000 sq ft.
The building is leased by the business for $990 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell businesses. Nonetheless, the true factor and the one they say to you may be 2 totally different things. As an example, they might claim "I have too many various commitments" or "I am retiring". For many sellers, these reasons stand. But also, for some, these might just be excuses to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in revenues, or an array of various other reasons. This is why it is really vital that you not count absolutely on a vendor's word, but rather, make use of the seller's solution along with your overall due diligence. This will paint a more reasonable picture of the business's present situation.
Existing Debts and Future Obligations
If the current company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Lots of companies borrow money with the purpose of covering things such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can suggest that revenue margins are too thin. Numerous 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 additionally 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 agreements with suppliers that should be fulfilled or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in brand-new customers? Most times, companies have repeat consumers, which create the core of their everyday revenues. Certain factors such as new competition sprouting up around the area, roadway building, and also staff turnover can affect repeat clients and adversely affect future profits. One important point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Obviously, the more people that see the business on a regular basis, the greater the possibility to develop a returning consumer base. A last idea is the basic location demographics. Is the business located in a largely populated city, or is it located on the outskirts of town? Exactly how might the local median house income effect future revenue prospects?