MergerPlace

Reputable Carpet Cleaning Company

South Dakota (Minnehaha)


  • Asking Price: $249,000
  • Gross Income: $306,128
  • Cash Flow: $112,067
  • Real Estate: Not Disclosed
  • Inventory: $9,080
  • FF&E: $111,337
  • Listing ID: #202728
  • Established: 1986
  • Employees: 3 FT

Business Description

This franchise opened in Sioux Falls over 30 years ago and still has the same phone number. As they’ve grown, they have three employees. They have served over 6,000 customers, most of these residential. The business cleans carpet, furniture, tile and grout, area rugs and granite in both residential and commercials settings. They also do water damage restoration. Over the last three years they’ve averaged over $300,000 in revenues producing over $100,000 in sellers’ earnings. The owner spends roughly six hours per week doing work for clients to fill in the gaps of his crews and the rest of his time working doing business development, estimates, billing, etc.


Business Details

Primary Business Category: Services - Waste Management & Remediation
Location: South Dakota
County: Minnehaha

Company Information

Year Established: 1986
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 3 FT

Financial Information

Asking Price: $249,000
Gross Revenue: $306,128
Cash Flow: $112,067
FF&E: $111,337
Inventory: $9,080
Seller Financing Available: No

Property Information

Facilities:

This business currently has a great lease on 3000 square feet of heated shop space with two offices and a restroom in a very central location. The rent is very reasonable and the space works perfectly for their needs. The equipment is in excellent condition and has been updated as needed.

Growth & expansion opportunities:

The market for adding commercial accounts is wide open. There is a lot of room for this business to grow in the commercial sector. Up to this point, the main emphasis has been residential customers, but in their area there is a large and growing commercial market. There is also a market for water damage restoration services.

Competition:

There are a number of carpet cleaners in Sioux Falls, but only a few that do as much work as this business. They are consistently rated at the top of their field and their customers return year after year.

Reason for selling:

After 24 years, the owner/seller is looking to focus more on other ventures and would like to assist a buyer with a smooth transition. The seller is hopeful the new owner will continue to employ the loyal staff.

Support & Training:

Will train for 2 weeks @ no cost. The business cleans carpet, furniture, tile and grout, area rugs and granite in both residential and commercials settings. They also do water damage restoration. Specialties are removing pet accident odor, granite countertop renewal and green products that are safe for families and pets. The owner would be happy to transfer all knowledge and training to a buyer and is willing to spend two weeks with the new owner to make the transition seamless.

Contact Business Seller

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Business Listed By:

Josh Grode Wolters

Murphy Business Brokers