MergerPlace

Absentee Business $80K+ Cash Flow

New Jersey (Monmouth)


  • Asking Price: $399,000
  • Gross Income: $409,301
  • Cash Flow: $80,216
  • Real Estate: Not Disclosed
  • Inventory: $5,480
  • FF&E: $80,922
  • Listing ID: #225827
  • Established: 2014
  • Employees: 3 FT

Business Description

Absentee Business $80K+ Cash Flow. Grout, Tile & Stone Restoration - Huge area Central/South NJ - 3 Trucks & Giant growth potential!

Business is a leading innovator in the "hard surface" care industry that recognizes the special needs of homeowners and businesses. With the knowledge that customers want convenient, cost effective and quick results, they have developed unique products and processes that transform rooms with tired and old looking grout and tile back to looking like new in less than a day.

Their proprietary cleaning methods and renowned ColorSeal process have set them apart from all companies in the floor restoration sector.


Business Details

Primary Business Category: Services - Other Services
Location: New Jersey
County: Monmouth

Company Information

Year Established: 2014
Home Based: Yes
Franchise: Yes
Relocatable: Yes
Number of Employees: 3 FT

Financial Information

Asking Price: $399,000
Gross Revenue: $409,301
Cash Flow: $80,216
FF&E: $80,922
Inventory: $5,480
Seller Financing Available: Yes

Property Information

Facilities:

The business is conducted on the road using the three (3) included vehicles. Office work can be accomplished using a home office and supplies can be delivered to a central location or directly to technicians for assigned jobs.

Growth & expansion opportunities:

Opportunities are endless with a giant geographical area covered under the franchise agreement. The territory includes 10 counties in New Jersey from Monmouth south to Cape May. With only three (3) trucks on the road currently, there is a backlog of work and plenty of opportunity to take on additional work with additional service technicians. Many customers are simply unwilling to wait the current 3-4 week lead time which would be eliminated resulting in increased sales with additional staff.

Competition:

Competition is limited to tile installation companies, home improvement and handyman firms. The industry is growing as the number of homes and businesses increase.

Reason for selling:

Owner is involved with other business enterprises.

Support & Training:

Will train for 4 weeks @ $0 cost. Currently the owner spends about five (5) hours per week assisting the senior technician with estimates. Experience in managing employees, general business and marketing skills would be helpful. The business is required to be licensed as Home Improvement Contractor with the State of NJ.

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Business Listed By:

John Inzilla

Murphy Business Brokers