Business Category: Cleaning, Franchise, and Service Businesses
Location: South Carolina
Listing Price: $84,900
The owner of this existing franchise owns three locations. He bought this location to grow his holdings but has found it is too difficult to run from the remote distance of his other locations and He has decided to sell this one to simplify his lifestyle. He would love to see a new, local and more ambitious owner take over and grow it to its full potential.
It is part of a very successful franchise system and priced below the cost of a new territory.
“I have been a franchisee for 22 years. It is definitely the best decision I ever made. The support, training and camaraderie the franchise provides are outstanding. This franchise area offers great potential for the operation. It will thrive and grow in this area. It is just too far away from me to manage” – The Seller.
As part of a reputable and high-ranking franchise, this residential cleaning company serves a growing base of repeat customers. 88% of the company’s revenue is from regularly scheduled home cleanings (recurring revenue!). The Company, which operates in a South Carolina territory with an approximate 30-mile radius, has built an impressive brand awareness in the area.
Business was down in early 2020 due to the COVID-19 pandemic. However, starting in early fall, the Company is already seeing an uptick in business, and ownership expects that this will continue to increase as we approach the holidays. The Franchisor is offering a new disinfectant service that opens up even more growth potential for the Company.
*Special Note: In a victory for small business buyers, the recent $900BB stimulus bill directs the SBA to waive all guaranty fees and pay up to the first 3 months of new SBA 7(a) loans approved between February 1 and September 30, 2021 (up to $9,000/month). Our advice: Don’t wait. Find a quality business and get moving quickly. Banks will be busy this year and buyers that wait until July/August will likely lose out.
Opportunities For Growth:
(1) New Sanitization and Disinfectant Services
(2) 90-Day Barrier Disinfectant
(3) Add Small Office Cleaning Customers
(1) Low Overhead & Upward Mobility
(2) Recurring Revenue
(3) Large, Desirable Service Area
(4) Turn-Key Franchise
(5) Excellent Brand & Supportive Franchise
Real Estate Available: Leased
Reason For Sale: Absentee owner who owns multiple franchises; feels that the Company could benefit from more present ownership.
Number of Employees: 6