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Carpet Cleaning & Water Damage Restoration
Location Texas,United States
Asking Price Range $500K - $1.0M
Gross Revenues $838000
Net Profit / Cash Flow $313000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2009
Number of Employees 10 - 19
Inventory 170000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Seller will train as-needed.
Reason for Sale Personal matters.
Description This very profitable SBA pre-approved carpet cleaning and water damage restoration company serves the multi-family industry, single-family property management industry and the homebuilder market (new construction) on a B2B basis. Services provided to customers are chiefly carpet cleaning, but also include other critical services such mergency water extraction, water damage repairs, water damage inspections and remediation, related services and carpet repairs. The 2 owners utilize the depth of the management team to coordinate the daily activities of both the water damage restoration division and the carpet cleaning division. Each owner possesses keen skills to manage the business from a strategic stance but relies heavily upon the skilled staff of experienced employees. Both owners have flexible schedules and tend to operations as necessary while one is primarily involved in a sales and administrative capacity. The company has increased its sales from $510k to $838k since 2010 representing a 2-year annual growth rate of just over 25%. The corresponding cash flow (or Seller s Discretionary Earnings) has witnessed a similar increase and was $313k in 2012. There are no customers that account for more than 10% of total sales. Six vans, of which 4 are 2010 or 2011 models, and associated truck mounted equipment are included in the sale.
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