Business for Sale

High-End Rug Restoration, Cleaning, and Sales to the Affluent

BizEx1210-AE

Background

General Location:Santa Monica, CA
Category: Consumer Services (B2C)
Janitorial & Carpet Cleaning Services
Years in Business:31
Under Present Owner:31
Hours of Operation:M-F 10:00am-6:00pm; Sat-Sun 12:00pm-5:00pm
Owner Hours:M-F 10:00am-6:00pm; Sat-Sun 12:00pm-5:00pm
Training:8 weeks @ 15 hours
Organization Type:Sole proprietor
Lease Expiration:
Lease Options:
Building Size:
Employees:2
Reason for Sale:Retirement

Financials

Asking Price:$89,999
Down Payment:Negotiable
Gross Sales:$118,008
Discretionary Cash Flow:$78,542
FF&E:$0
Inventory Included?No
Inventory:$20,000
Min. Operating Capital:$5,000
Real Estate Available?No
Rent:$0
Payroll:$500
Financing:Call

2017 2016 2015
Gross Sales $ 118,008 $ 112,047 $ 116,021
Gross Profit $ 88,008 $ 90,047 $ 93,021
Disc. Earnings $ 78,542 $ 73,572 $ 70,084

Description

  • Little to no labor on the part of the owner.

  • Owner does sales and marketing.

  • Vendors do the fulfillment.

  • Little to no overhead.

  • Virtually no payroll expense.

  • Customers are sophisticated professionals who pay extra for good service.

  • New and old customers use this business because of its superior method of cleaning, repair, and restoration.

  • The competitive advantage of the business is the owner’s process, that has been honed and proven over decades.

  • A competitive process will be transferred to the new owner.

  • This business has above average margins and is price competitive, because it doesn’t need a physical location or regular people on payroll.

  • The owner has many long-term relationships with clients, that generate new and repeat business.

  • Long-term relationships will be transferred to the new owner.

  • 8 weeks of training is included.


Download Setup Sheet



Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.

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Alex Estrin
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 158
Direct: (310) 882-2200 ext 158
Lic#: 01919847




Eric Mellem
Business Broker/ M&A Advisor
4551 Glencoe Ave. #210
Marina del Rey, CA 90292
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802