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Asking Price$310,000
Revenue | $522,436 |
Established | 1956 |
Cash Flow | $63,168 |
Employees | 6 full, 1 part |
FF&E | $196,972* |
Franchise | Yes |
Inventory | $6,000* |
Relocatable | No |
Real Estate | Undisclosed |
Home-based | No |
* Included in Asking Price
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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.
Other Information Reason for Selling: Retirement Personnel: 1 FT Secretary/Scheduler, 1 PT Telemarketer, 5 Techs Hours: Varies 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
Financial Overview:
Gross Sales 2015: $522,436 2014: $516,954 2013: $460,800
Owner Profit/Cash Flow 2015: $63,168 2014: $150,351 2013: $100,870
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 Inventory: ~$6,000 A/R: ~ $20,000-$25,000 Intangible Assets: Custom website with POS system
*amounts may vary
Funding Example: 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 |
Ad #78527
Seller Reference #CON009
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