Contact: Glen Toadvine
Email: [email protected]
Your Reference ID: GT1092717
This enticing company was established as a hobby business by the owner of a number of other businesses. Now, 25 years later, he is ready to sell the business and retire. His decision could be your opportunity.
The company imports a line of both proprietary and standard dry steam vapor cleaning systems designed and built for commercial use. Current customers include both commercial end users and rental businesses. The company also offers parts, service and warranty work as needed. Equipment is sold throughout the US and Canada at margins which have averaged a jaw-dropping 68% over the past three years.
The equipment is stocked in a small (3,000 square foot) warehouse which is leased from a third party, It is currently located in a suburb northeast of Detroit, but could easily be relocated anywhere. Ideally, the buyer will have an existing facility and staff that would eliminate most of the overhead costs associated with the current business.
This is an excellent opportunity for an energetic buyer wishing to grow this unique business, or a great add-on for a company already in the cleaning equipment/supply industry. The business, which has averaged $250,000 of annual sales over the past four years, most recently it produced an adjusted cash flow of $95,000. The business is listed at $200,000 plus an inventory of approximately $150,000. A meaningful seller note will be available for a qualified buyer.
To learn more about this intriguing opportunity, please contact Glen Toadvine (email@example.com).
Asking Price: $200,000
Cash Flow: $95,000