Listing ID: 79508
Great opportunity to own a maid franchise with almost 25 years of providing excellence in a very busy university city. More than 225 current clients and an opportunity to grow by adding more cleaning teams.
No weekends or nights.
There is an extensive training period offered by corporate for the New Owner.
A very nice business for first time business owner.
- Asking Price: $165,000
- Cash Flow: $71,772
- Gross Revenue: $492,790
- EBITDA: $71,772
- FF&E: $60,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1997
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,238
- Lot Size:N/A
- Total Number of Employees:9
- Furniture, Fixtures and Equipment:N/A
1,238 sq foot office that is leased
There is an extensive training program offered by home office Buyer pays the transfer fee of $10,000
Well known in area, enjoys excellent reputation
can continue to grow by adding additional teams
This Business Is An Established Franchise
The business was founded in 1997, making the business 25 years old.
The company has 9 employees and is situated in a building with approx. square footage of 1,238 sq ft.
The building is leased by the business for $1,372 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell companies. Nonetheless, the real reason vs the one they say to you may be 2 entirely different things. As an example, they might claim "I have a lot of other commitments" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may just be reasons to attempt to hide the reality of altering demographics, increased competitors, recent decrease in profits, or a variety of various other factors. This is why it is really essential that you not rely absolutely on a seller's word, yet rather, use the vendor's answer along with your total due diligence. This will repaint a much more practical picture of the business's current situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of businesses take out loans so as to cover items such as inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can indicate that earnings margins are too thin. Lots of businesses fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that have to be met or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area bring in new clients? Often times, companies have repeat consumers, which develop the core of their daily revenues. Particular factors such as new competitors sprouting up around the location, road building, and employee turn over can impact repeat clients and also adversely influence future revenues. One essential point to think about is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business often, the better the chance to construct a returning consumer base. A last idea is the basic location demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? Exactly how might the regional average household income effect future income prospects?