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 at approximately $434,000
*Flexible Financing: Seller financing is available for qualified buyers.
Financial Snapshot
*Robust Revenue: Projected Revenue for 2024 as per the seller is approximately $650,000 (2023 – $400,000). The nine-month 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
