Asking Price: $136,485 Gross Revenue: $140,000Cash Flow: $58,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $1,000 included in asking priceFF&E: $60,000 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
For over Fifteen years, this business has provided carpet cleaning and water damage restoration services for one of the most beautiful areas of Southwest Wyoming. The business has long standing relationship with all of the areas strongest insurers and is the preferred provider for local municipalities and larger corporate clients. In the early years, the company spent a lot of money on advertising, now the business does relatively little and instead relies primarily on word-of-mouth referrals. The business has an excellent online reputation.
The current owner does a limited amount of manual labor and focuses his time primarily on customer relations, bidding insurance jobs and general bookkeeping. There are long-term staff in place such that a new owner need not have prior experience in the industry.
About the Business
Number of Employees:
While no industry is completely recession proof, people always need cleaning for their facilities and floods, and leaks always happen. With minimal national or local competition in the area, this company is well positioned as the market leader to continue to capture the everlasting need for cleaning and restoration services.
Growth & Expansion:
The current owner focuses almost solely on carpet cleaning and water damage restoration but there are many opportunities to grow the business into other profitable areas including: Duct Cleaning, Mold Remediation, Carpet Repair and Stretching, Fire Restoration, Janitorial and Windows. Perhaps the biggest opportunity is for the new owner to add locations by expanding their model. Because this is one of the few cleaning and water restoration companies that isn’t franchised there are plenty of markets to expand and without costly franchise fees. Another opportunity for immediate growth is developing a website. The current owners have not spent anything on online marketing or advertising other than a company Facebook page. An enhanced online presence and possibly some basic SEO work could produce fantastic results towards reaching out to new customers not familiar with the business.
Carpet Cleaning and Water Restoration Company, Not Franchised
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