This Charleston business is a well-established commercial parking lot maintenance company with a strong crew in place and a manager for operations. Over 80% of the business is from assignable contracts. The owners are responsible for administrative duties, securing contracts, and maintaining the obligations of the contracts. The purchase price comes with all of the vehicles and equipment needed to service the current client base.
- Asking Price:
- $950,000 Furniture / Fixtures included
- Sales Revenue:
- $875,735
- Cash Flow:
- $274,972
Property Information
- Premises Details:
-
The business rents parking space from a local storage rental facility for trucks and equipment. Monthly the cost is $2,332. This business is easily relocatable as there are many storage facilities in the area.
Business Operation
- Expansion Potential:
-
Over the next 5 years, the Parking Lot Maintenance revenue is expected to rise at an annualized rate of 1.8%. The industry is expected to benefit from recovering businesses that were impacted by COVID. The local market continues to see an influx of businesses and homeowners relocating to the coastal region. This brings enormous potential for growth.
- Competition / Market:
-
There are a few competitors but most of the business is from a strong referral base and relationships with local companies. The largest competitor is based out of the local area.
- Reasons for selling:
-
The owner is selling the business to pursue other interests.
- Trading hours:
-
Monday-Sunday 8am-5pm; 7pm-12am
- Employees:
- 10 FT
- Years established:
- 2
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 cost.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
$95K down/$48K over 120 mos. @ 8%/Other Financing.
- Furniture / Fixtures value:
- $160,000 - included in the asking price
- Home based:
- This business can be run from home.
- Relocatable:
- This business can be relocated.
