Price Reduction! Seller is ready to retire and turn his 3 decade-old carpet cleaning business over to a new entrepreneur. Seller has operated the business on a part-time basis working around his firefighter schedule and generally focusing on commercial accounts, which has afforded him flexibility and fewer customer issues. With more attention to advertising and social media, the new owner could easily double the average revenue of nearly $100,000. The business includes a late model van, which has been converted with steam cleaning equipment, currently with only 240 hours of operation time and all cleaning supplies (total reasonable asset value is $98,500, which the buyer will be able to fully depreciate for tax purposes). The wait time for getting a new van conversion is at least a year. The seller is willing to train the new owner and provide support for several months. He will assist the new owner in building the business, which will only be limited by how hard the new owner wants to work (the seller has chosen to only work 2-3 hours 3-4 night a week (mainly commercial accounts, which often have additional opportunities if the owner were willing to expand his geographical footprint), and occasionally a few residential jobs during the day. He is open to various financing options, including carrying a note with a significant down payment. The buyer will have over $75,000 in free cashflow (as a baseline) for debt service and a liveable wage.
Contact Dennis Huffine, BEST Advisors Partner for full details and/or schedule a tour with the owner.
