Asking Price: $125,000 Gross Revenue: $240,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $2,000 included in asking priceFF&E: $35,000 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.
The business for sale is much more than just The Grout Medic franchises that offer about 6 services, it is a well known business that is well respected in the tile industry and is considered the experts in resolving tile, stone and grout issues and problems. We are often called by distinguished home builders to meet with their customers to resolve issues, as well as, large property management firms that
maintain 40 story office buildings in downtown Cincinnati. The reputation of the company and its workers are held in high regard. This has been built up over the years by the owner that things are done the right way and taking care of our customers is a priority. This simple philosophy towards business seems so easy to do but for the most part does not happen for the general public. The point here is treating people right and doing good work is a rarity and it’s not hard to do. That is why we have a
continuously growing customer base of over 7,000 customers that call us before considering anyone else to care for their home. Over $300K has been spent on making The Grout Medic of Cincinnati and Dayton a recognized name and company to service homes in the Cincinnati and Dayton area.
About the Business
Number of Employees:
The building area needed is only used to store equipment using gasoline and flammable materials and can easily be relocated into a storage facility or garage.
Pros: Prime Locations in Ohio that have been in business 12 years. Steady work flow throughout the years. Business offers multiple revenue streams. Repeat and referral customers and new customers daily. Cons: None
Growth & Expansion:
The possibilities of the business are substantial, aside of having approximately a +7000 customer database starting from 2007 which now provides $240,000 revenue with very little advertising due to strong positioning of organic internet presence, word of mouth and returning customers. The business has grown an excellent commercial footprint and ability to be found by commercial entities. Commercial jobs are always on the schedule. Although the business is founded on The Grout Medic services, the business is also known for natural stone restoration floors and patios, marble polishing and granite cleaning and sealing. We perform these additional services with nearly no competition. Additionally we perform tile installations.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.