Tenant Carpet Cleaning For Apartment Complexes For Sale

Clients include condominium and apartment complexes,
large rental property owners, and corporate housing
providers that have tenants moving in and out and need
carpets cleaned and maintained. For more than three
decades, this carpet cleaning company has primarily
catered to business-to-business clients, maintaining a loyal
and recurring customer base which has earned a reputation
for being reliable and detail-oriented, resulting in a
remarkable 90% repeat client base. The seller's role is
passive, with the current General Manager handling all dayto-day responsibilities including managing and scheduling
of the laborers. The purchase price includes three Chevy
2500s, three GMC 2500s, and one Chevy Van, valued at
$358,000. With a low multiple of 3.05, the company
generates an average profit of $300,000 over a three-year
period, with a high margin of 37%. A 10% down payment of
$96,000 yields a return on investment of 242%, with
$232,957 in profits in the first year after debts. Priced at
$960,000, the seller is willing to carry 10% of the purchase
price and provide a six-month transition period to
demonstrate their commitment to the business's continued
success.
This opportunity could be ideal for a cleaning service
seeking to expand its service offerings or a prospective
business owner looking for a low-risk investment. When a
tenant vacates a unit, the owner must ensure that the
carpets and flooring are cleaned, maintained, restored, and
repaired before a new tenant moves in. Given that most of
these clients have lengthy waiting lists, it is crucial to
prepare the unit for occupancy as soon as possible.