Carpet cleaning business for sale in Albany, New York State
What the business does
Specialist fabric cleaners for both home and office markets, focused on New York State. Carpet, furniture, curtain fabrics and more recently repair and polishing of wooden and parquet flooring.
Why the business is an attractive proposition to a buyer
Profitable, long-established specialist fabric and floor cleaners with a combined database of over 4,000 office and home customers. WZY has earned an enviable reputation as the experts in restoring fabrics to their former glory. Few tricky stains can resist the WZY treatment as long as the call-out is made promptly. Growth investments, funded mainly from re-invested profits, include the latest environmental-friendly cleaning equipment, and a new operations center in Kingston.
Minimum 50% of asking price required in cash on deal completion.
Key financial facts and forecast
Owner/Director discretionary expenditure has been added back to free cash flow to arrive at the final valuation. Forecast compound sales growth rate of 3% is consistent with historic market trends, and takes account of Kingston's potential to expand, and the shift towards wooden floor polishing and restoration.
Reason for selling
Both now aged over 60, it's time to retire, sell-up and move to Florida to enjoy the sunshine and spend more time with the grandchildren.
Required buyer qualifications
A buyer must have $180,000 dollars in cash on deal completion, $38,000 of which is to be deposited in an escrow deposit account on signature of a Letter of Intent. A suitable buyer will demonstrate solid managerial experience, ideally in cleaning-related services or relevant experience in applying chemicals. A background in sales and marketing would be helpful in realizing business growth potential.
Download Sales Memorandum
Last update: 5/26/2017 1:14:53 PM
Albany, New York state, US