||Employees||6 full, 1 part
* Included in Asking Price
Franchised Cleaning and Restoration with a 60 Year History! With 80% residential, 10% commercial, and 10% flood/water damage restoration, this business offers a variety of cleaning services including carpet, air duct, wood floor, and drapery that appeals to the home and business owners seeking top-notch maintenance. This business is fully staffed with 1 FT Secretary/Scheduler, 1 PT Telemarketer, 5 Techs and all the equipment needed to ensure these lucrative services can still be offered by a new Owner. The custom website features the business location and services offered by the team. The current owner is only serving 2 of the 6 counties he owns, so there is plenty of room to expand.
The cash flow in 2015 equaled $63,168. The current owner completed nearly $70,000 of new upgrades in 2015. With $31,000 (10%) down, and after all expenses and debt is paid, the new owner will make $13,003 Net Operating Income in the first year.
Reason for Selling: Retirement
Personnel: 1 FT Secretary/Scheduler, 1 PT Telemarketer, 5 Techs
History: Well Established Franchise for Over 60 Years ~ 12-year Current Ownership
Support to Buyer: 90 Day Transition Period
Additional Information: Service Breakdown: 80% residential, 10% commercial and 10% flood/water damage
Growth: Developing proprietary process to restore and clean granite and fine stone. Current owner only serving 2 of the 6 counties he owns
Owner Responsibilities: Office oversight, little to no labor
Owner Profit/Cash Flow
Profit Margin: 12%
Multiple: 3.25 *Multiples range from 1-5, with the average being 3
Assets Included in Purchase:
Equipment and Vehicles: $126,972 (2014 tax values) includes 5 vans and all equipment needed
Upgrades: Nearly $70,000 was invested in 2015 for new and updated equipment
A/R: ~ $20,000-$25,000
Intangible Assets: Custom website with POS system
*amounts may vary
Purchase Price: $310,000
10% Buyer Down Payment: $31,000
15% Seller Financing: $46,500
75% Bank Loan: $232,500
After all expenses and debts are paid, the new owner will receive a Net Operating Income (Profit) of $13,003.
|Facilities:||Location and Service Area: Omaha metro area with a 6 county territory (3 in IA, 3 in NE)|
|Growth Potential:||Developing proprietary process to restore and clean granite and fine stone. Current owner only serving 2 of the 6 counties he owns|
|Seller Financing:||15% Seller Financing|
Seller Reference #CON009
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