Carpet and Area Rug Cleaning Business S. NH with or without Real Esta...

Undisclosed Address, Manchester, NH 03101
Business Opportunity for Sale
Catylist Listing ID: 30637479
Property Subtypes: Business Services
Building Size (RSF): 2,588 SF
Sale Price: $265,000
In Opportunity Zone? Yes
Gross Revenue: $317,426 (Annual)
Cash Flow: $133,698 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Sales price of $265,000 includes the business assets such as Furniture, fixtures and equipment, goodwill, website, trade name, phone number etc. The real estate is being offered at $385,000 or to lease.
Last Updated: 4/8/2021

Overview / Comments

New listing for a full-service carpet and area rug cleaning and floor cleaning business in Southern New Hampshire. The business has been going strong for over 25 years with the original owner. It is highly regarded by customers and has a high traffic location which attracts new customers. The Company has a database of approximately 4000 customers. The revenues for commercial cleaning/janitorial are about $60,000, area rug cleaning is nearly $100,000 and residential floor cleaning $155,000. This is a terrific opportunity for a business in this industry to acquire a consistent revenue base, a highly visible building that is close to major highways, well-maintained equipment and experienced staff. Or, for an individual that is looking to be hands on and take it to the next level.

Seller owns the building and is willing to sell it for $385,000 or offer a long-term lease.

Location shown on map is incorrect. An NDA must be completed before the exact location, name of business and financials will be disclosed.

Additional Details

Industry Segment: Commercial Cleaning and Janitorial
Reason for Selling: Retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $145,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Real Estate Lease Description: Based on the available on-line tax assessment records the site contains a total of 0.21 ± acres of land. The building has a total of 2,598 SF plus an unfinished attic. There is also a drive-in door for unloading and loading up with supplies and dropping off rugs. Owner is willing to provide a long-term lease to the buyer or sell the building outright.
Employee/Labor Description: Experienced staff in place.
Mgmt/Training Support Description: Seller willing to assist in transition and training.
Competition/Market Description: There are a number of competitors in the marketplace but plenty of room for growth.
Growth/Expansion Opportunities: There is significant opportunity to expand the business. The Company is centrally located in a highly visible building with dedicated space to meet increased demands. The Company spends very little funds or time on sales and marketing and with increased funds, revenues should grow. Hiring a salesperson to seek out and bid on commercial jobs would generate growth. And, expand area rug cleaning by offering wholesale cleaning for places that sell area rugs.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 34,302 108,950 141,599
Median Age: 32.83 37 37.57
Households: 14,314 44,739 56,893
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