There are 5 main revenue generating parts of the business:
-Filtafry – Filtering cooking oil, managing oil to reduce clients oil consumption, cleaning fryers and broasters, changing oil when necessary.
-Filtabio – All the waste cooking oil is collected and stored in a shop with two 2100 gallon tanks which are plumbed together. The shop is 600 square feet and costs $385/month plus electricity. The shop is heated. The oil is picked up by a tanker truck in 6000 gallon increments and sold. This part of the business also involves collecting oil from a franchisee in Paynesville, MN (approximately 2000 gallons every 2 months is collected).
-Filtacool – Filtration of air in walk in fridges to reduce humidity and keep produce fresher, longer.
-Filtagold – Selling cooking oil to clients eliminating the need for them to store oil on site.
Filtadrain – A drain treatment product which keeps drains running free and smelling good. This is a relatively new addition to the line which he has not yet launched, so there would be a great chance to increase revenue if this was launched.
600 sq ft shop which costs $385/month plus electricity. The shop is heated.
There are numerous opportunities for growth. Launching Filtafold and Filtadrain are areas of opportunity. He has relied on word of mouth for the last 8 years to grow the business and has not actively “sold” the services. If the new owner proactively spent time and resources to sell the services, there is potential to grow the business quickly. Also, the new owner could start offering services in Grand Forks. Utilizing telesales, which are phone sales offered by the corporate office, would be another avenue to explore. This would involve professional sales people soliciting businesses to offer their services.
Per Seller, there are no competitors that he is aware of, as no other business offers these services.
He owns and operates another business and wants to devote all of his time and efforts to that business.
Will train for 2 weeks @ no cost The Business will require Franchisor approval, which includes a $950 application fee and 10% fee payable to Franchisor. Seller will pay for these fees. Travel, Lodging, and associated expenses for training will be responsibility of the Buyer. He relies mostly on word of mouth advertising and referrals, but there is a minimal yearly franchise advertising requirement. Seller territory consists of Eastern ND, just east of Bismarck ND to the ND/MN border, and Clay County in MN.