Business Summary:
Clients include condominium and apartment complexes,large rental property owners, and corporate housingproviders that have tenants moving in and out and needcarpets cleaned and maintained. For more than threedecades, this carpet cleaning company has primarilycatered to business-to-business clients, maintaining a loyaland recurring customer base which has earned a reputationfor being reliable and detail-oriented, resulting in aremarkable 90% repeat client base. The seller's role ispassive, with the current General Manager handling all dayto-day responsibilities including managing and schedulingof the laborers. The purchase price includes three Chevy2500s, three GMC 2500s, and one Chevy Van, valued at$358,000. With a low multiple of 3.05, the companygenerates an average profit of $300,000 over a three-yearperiod, with a high margin of 37%. A 10% down payment of$96,000 yields a return on investment of 242%, with$232,957 in profits in the first year after debts. Priced at$960,000, the seller is willing to carry 10% of the purchaseprice and provide a six-month transition period todemonstrate their commitment to the business's continuedsuccess.This opportunity could be ideal for a cleaning serviceseeking to expand its service offerings or a prospectivebusiness owner looking for a low-risk investment. When atenant vacates a unit, the owner must ensure that thecarpets and flooring are cleaned, maintained, restored, andrepaired before a new tenant moves in. Given that most ofthese clients have lengthy waiting lists, it is crucial toprepare the unit for occupancy as soon as possible
|
|
|
