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Business for Sale Summary

Carpet Machine/Supplies Route - 33691

Business Type: cleaning services,home-based business,routes
Carpet Machine/Supplies Route
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Financial Information (non-confidential)

General Information
Asking Price $125,000 Down Payment $125,000
Gross Revenues $69,710 Lease Remaining Register Free to View
Owner’s Cash Flow $50,000 Number of FT Employees Register Free to View

Financing

$125,000 Down and

Business Description

Unique niche sales, service and Route business. Seller rents heavy duty carpet cleaning machines to customers of major retail hardware stores, supermarkets and other high traffic retail locations. Through these, seller collects rental revenue and sales revenue from the sale of cleaning supplies, chemicals and products at margins over 50%. The owner is including $10,000 of store displays and inventory with cleaning products and supplies with the sale. The owners split of gross revenues with each store is 60% to seller and 40% to store. Sellers only expenses are travel, some parts for machine repair and COGS for the cleaning supplies sold in each store. Business has been in operation for excess of 20 years with many long term locations. SELLER WORK 6 DAYS A MONTH servicing his locations. Five days on the road and 1 day servicing the machines. Works from home garage. Seller is the exclusive distributor for the machine manufacturer for 2 states (including Metro NY) with operations in a total of 4 states He visits each location once every 60 days and collects rental and sales revenue from his retailers, restocks displays and cleans or services the machines. Currently in 80 locations (owner used to have over 100 locations). Seller is retired, 73 years old and a younger, more active owner can expand retail base to several hundred. Retailers pay nothing and they receive part of every rental and sale to their customers. New owner can set up dozens of new routes and operate himself or sell the routes in his base areas. Seller owns 180 of these machines, each with a replacement value of $ 550 used plus display racks and signage in every location. Owner only needs large SUV or Van to operate this business. Opportunity for new active owner to scale the business back up to hundreds of locations. Health and age of owner forces the sale of this semi absentee business. Contact broker Joseph Stansky for more information.

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.