Honolulu, HI Carpet Cleaning

Honolulu, HI carpet cleaning business for sale

EXECUTIVE SUMMARY

The Company is a family-owned business, offering excellent service and value for carpet and upholstery steam cleaning services, with stain removal, pet enzyme treatment and leather upholstery cleaning and conditioning to residential and commercial customers on Oahu, HI.  Customers include homeowners and renters, timeshares, vacation rentals and commercial customers.  About 20% of their work is for active and retired military.  They also do warranty cleaning work for a large warranty company.

 

INVESTMENT HIGHLIGHTS

  • Long tenured business, satisfying customers since 2000.

  • Highly rated on the internet, e.g., Yelp.

  • Good sales growth and consistent profitability.

  • Offered on a fully turnkey basis with all needed assets including two vehicles.

  • Only modestly affected by Covid-19; total 2020 sales were down only 20% from 2019 and they made a good profit, better than most Hawaii businesses.

  • Sales have recovered from the Covid-19 pandemic: YTD June 2021 sales were up 47% over the same 6 months in 2020 and were up 8.3% over the first half of 2019.

  • Well positioned to grow after Covid-19.

  • They believe that some of their competitors have closed permanently due to Covid.

  • In 2019, the married owners made profits of $91,886.

  • Makes enough money to enjoy Hawaii’s paradise.

  • Enjoyable business to operate.

 

COMPANY

Listing ID:  Honolulu Carpet

Location: Honolulu, Hawaii

Type of Entity:  LLC

Year Established: 2016

Industry or Business Category: Carpet and Upholstery Cleaning

 

FINANCIAL SUMMARY

     2019 Source: Tax Return

Revenue: $159,417

SDE: $73,886 (after a $18,000 negative adjustment for the wife’s compensation; without adjustment: $91,886)

 

OFFERING SUMMARY

Asking Price:  $189,000

Inventory included in the Price: $500

Tangible Assets (F,F&E):  $70,000, estimate

Non-Compete:  5 years in Honolulu County.

Training:  two (2) weeks; 30 hrs./wk.

Sale Reason: Retirement

 

BUSINESS IS: Home Based

 

EMPLOYEES:  1 excluding owner & wife

 

COMPETITION & Pros and Cons of Business

There are a number of small competitors in this market and the company differentiates itself by its excellent customer service (they promptly respond to all customer inquiries), use a high-quality low residual hot water vacuum rotary head extraction process, mounted in two fully equipped vans and provide high quality work which results in high customer satisfaction and customer referrals.

 

EXPANSION OPPORTUNITIES

  1. Add additional cleaning technicians (they now have one plus the owner) and additional vans and cleaning equipment (they now have two fully equipped vans and use the second one primarily as a backup unit).

  2. After adding additional resources expand their marketing programs to acquire more customers.

  3. Offer new services like fabric stain protection products and flea and tick treatments.

 

TRADING DAYS/HOURS

Monday to Friday: 8:00 AM - 5:00 PM

Saturday: 9:00 AM - 5:00 PM

Sundays and Holidays: Closed

 

 

LICENSING REQUIREMENTS (if any)

No occupational licensing required.

 

Offered due to the owner’s retirement.  For a copy of our detailed Confidential Business Profile, which shows tax return based financial data and relevant business details, please contact HBS.