Rolling Sharpening Stone Franchise, RELOCATABLE, Huge Territory
95% Recurring Rev, Big Growth Opportunity, Fun Business to Own
not included in asking price
included in asking price
Share this business:
ROLLING SHARPENING STONE FRANCHISE
Central and Western Colorado Territory that can be Based from Anywhere in the Territory
This is a 17 year old mobile knife sharpening, chef tools, and cutlery sales franchise that services and sells to professional kitchens, hotels, country clubs, resorts, and restaurants from Vail to Aspen to Grand Junction and everywhere in between. The company has a large customized box truck that is fitted with a proprietary knife sharpening system and also carries a diverse inventory of equipment and utensils that their customer base can purchase from, much like a Snap On Tool Truck but for Chefs. He generates 70% of his sales from products and equipment, such as garbage bags, latex gloves, cookware, utensils, knives and uniforms. Revenue is also generated by the sale of front and back of the house supplies and equipment that include all items a professional restaurant can use from salt and pepper shakers to walk-in coolers. The franchise has comprehensive brochures that customers can order out of which generates a commission. 30% of their sales is knife sharpening, 70% from product sales. He can make a new edge, change the bevel, take the burr off, or just clean the edge.
The earnings for 2017 were 129,422 on sales of 529,703. The 2016 earnings were 126,562. This company has 1 full time employee and one part time plus the owner who is full time. The owner uses the main truck to visit his biggest and best customers to sharpen their knives on the truck 5 days a week. The other full time employee sharpens knives at a location they lease and visits smaller customers mostly delivering and selling the products they represent, when not assisting the owner on the truck. They also have a knife leasing program where the employee picks up and delivers leased knives so that they are always sharp. The hourly employee uses a 2nd vehicle which is owned by the Seller.
The company’s revenues come from long term customers that pay in a timely manner. They have approximately 95% in recurring revenue from long term customers. The company has consistently grown and the seller believes that should continue. In fact, the owner states that he could show a new owner how to take this company to $1M in sales.
This company can be based out of anywhere within their territory. The Seller and the Franchisor can teach a new buyer and employee all that they need to know to be able to sharpen and sell their products. The Franchisor offers classes such as: continuing education seminars and buying conferences throughout the year. The Seller states that “80% of people that visit the inside of their truck buy something”. The products are professional quality, well displayed and help to sell themselves.
The sales price is $335K plus his cost of inventory which is currently $36K. The sales price includes all other assets including the big box truck and all sharpening equipment that you can see in the video above that is estimated to have a current value of $36K.
Location: Currently based out of Rifle, CO but can be located anywhere in Central or Western CO along the I-70 corridor between Vail and Grand Junction
Email firstname.lastname@example.org or call Jeff Chapman at 303-905-7607 to discuss the business
Brief Overview and Selling Points:
The company works like a “snap on tools” type of truck franchise that provides sales and services to restaurants, hotels, and other customers. They visit all types of restaurants including some of the highest end restaurants in the mountains. Some examples are the Caribou Club and the Little Nell in Aspen and the Vail Marriott, Kenichi, and Sebastian’s in Vail, etc. These are restaurants that can only get the quality of chef that they demand by catering to their requests. All high end
About the Business
Contact the Seller
- Year Established:
- Number of Employees:
- Home Based:
The Seller mostly works out of his house and truck. He has a small warehouse space where he stores product and has set up sharpening benches that are used for rental knives. The benches can be moved to a storage facility or another small warehouse anywhere. He recommends that the company be located within the territory.
This company dominates its territory with its unique and professional service.
Growth & Expansion:
Growth: The buyer could increase revenues by expanding product line, hiring an additional salesperson to visit more restaurants especially the newer ones, implementing an advertising and marketing program catering to individuals/homeowners, and by getting involved in social media. Also, the owner states that they could be much larger if they were trying to grow the business beyond their current customer base by adding a second truck and expanding into more of their territory. The harder you work, the more you make. This company dominates its territory with its unique and professional service.
About the Sale
- Reason For Selling:
Wants to fully retire
The owner works with his son who is available to stay on if the buyer is in the Rifle, Silt, or Glenwood Springs areas. The owner believes it will be easy to train a replacement if not.
- Seller Financing:
- Ad Detail Views: