Profitable Carpet & Disaster Restoration Service

South West

Seller Financing Available
Profitable Carpet & Disaster Restoration Service

Asking Price:$2,440,000

Cash Flow:$544,130

Gross Revenue:$2,456,359

EBITDA:$464,130

FF&E:$400,000

Inventory:N/A

Established:1992

Profitable Carpet & Disaster Restoration Service

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Business Description

This well-known carpet cleaning and disaster restoration service business has been around for decades and has an outstanding reputation in the industry. One of the greatest benefits of owning this business is the recurring, multiple streams of revenue. Their relationships with insurance vendor programs, construction companies, realtors, and industrial hygienists provide a steady flow of cleaning and restoration accounts. Advertising costs are nil and 90% of jobs are referrals. In addition to 24/7 water/mold/fire remediation services, the company offers a wide array of additional services including tile/grout/duct cleaning/area rug/blinds/natural stone, upholstery and drapery care, concrete floor care and, of course, carpet care. Current owner only works 15 hrs/wk. Experienced staff, including two managers, already in place. As the Business has grown, the Seller has added a General Manager in 2016 @$80,000 annually. This expense is not reflected in the Cash Flow that is being represented, but is reflected in the EBITDA. The sale includes all of the vehicles and equipment necessary to operate the business. Buyer will step in and immediately enjoy continued growth and profitability. This company is located in the western United States, in an area experiencing unprecedented residential and business growth; the target market for its services will only continue to expand.
Financing via a Small Business Administration acquisition loan (SBA 7a loan) for as little as 15% down of the acquisition price is possible. Don’t miss this rare opportunity to own a reputable business with a bright future.

Detailed Information

Employees:
28
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Leased building.
Competition:
This company has cornered the disaster restoration market—75% of its contracts are for restoration work alone. Virtually no money is spent on advertising—90% clients are referrals. No cleaning/disaster restoration companies in the western U.S. offer the same level of professionalism and quality services—reputation over 60 years strong. Unique advantage over similar businesses with the number of recurring vendor accounts.
Growth & Expansion:
Rapid growth could be achieved by expanding the cleaning side of the business and establishing accounts with Federal Business contracts. A buyer experienced in construction and remodeling could offer a complete end-to-end package and dramatically increase revenue (current owner refers countless remodel jobs to contractors). Simply advertising to the influx of new residents and businesses to the area would also increase revenue. There is plenty of room to continue year-over-year growth just by running the operation as-is.
Financing:
$850,000 down, $11,333 per mo. w/balloon of $959,671 after 131 months
Support & Training:
One month.
Reason for Selling:
Pursue other business interests.
Franchise:
This business is an established franchise

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Bill Sivell

Business Listed By:
Bill Sivell

Liberty Business Brokers of Ontario

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