Business Overview
- Established Legacy: With over 2 decades in the industry, this business boasts a strong legacy and widespread respect
- Primary Operation: Business primarily provides fabric restoration and cleaning services to insurance, commercial and retail clientele
Deal Highlights
- Inclusive Assets: Purchase price includes Vehicles, tools and equipment valued approximately at $434,000
- Flexible Financing: Seller financing available for qualified buyer(s)
Financial Snapshot
- Robust Revenue: Projected Revenue for 2024 as per the seller is approximately $650,000 (2023 – $400,000). The nine months trailing revenue for this year is approximately $533,000
- Strong Earnings: The nine-month trailing Seller’s Discretionary Earnings (SDE) stand at approximately $229,000, with an average SDE of approximately $217,000 over the last three years
- Recurring revenue: Currently, the business maintains nine long-term contracts, ensuring recurring revenue each month
Human Resources
- Employees: The business operates with a nonunion team of four employees, excluding the owner
- Seller Roles: Seller is currently responsible for Sales, Growth, and Overseeing Operations
- Operational Stability: The business has a long-term manager who efficiently handles the day-to-day operations, ensuring continuity and efficiency
Competitive Strengths
- Marketing & Growth: Great potential, leveraging on its excellent reputation, significant word-of-mouth referrals, and active presence on various social media platforms
- Outstanding Industry Relations: Business has great long-standing relationships with insurance companies
Transition & Future
- Reason: Seller is interested in pursuing other ventures
- Transition: Seller is willing to stay on board for a negotiable period to assist with the transition
- Opportunity: For those focused on sales and growth, this business offers an outstanding chance to lead and expand a successful enterprise, without requiring technical expertise
