Apartment/Multi-Family Carpet Maintenance with 90% Repeat Clientele
30+ Years Serving Omaha and Lincoln!
For more than three decades, this carpet cleaning company has primarily catered to business-to-business clients, maintaining a loyal and recurring customer base. These clients include condominium and apartment complexes, large rental property owners, and corporate housing providers. The company has earned a reputation for being reliable and detail-oriented, resulting in a remarkable 90% repeat client base. With a low multiple of 3.05, the company generates an average profit of $300,000 over a two-year period, with a high margin of 31%. 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. The seller's role is passive, with the current General Manager handling all day-to-day responsibilities. The purchase price includes three Chevy 2500s, three GMC 2500s, and one Chevy Van, valued at $358,000. A 10% down payment of $91,500 yields a return on investment of 182%, with $165,052 in profits in the first year after debts.
Priced at $915,000, 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.
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Omaha, NE 68114
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