Honolulu, HI Carpet Cleaning
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.
Long tenured and well-known 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 and profits have totally recovered from the Covid-19 pandemic: YTD September 2021 sales were up 42.6% over the same 9 months in 2020 and were up 22.8% over the first 9 months of 2019.
They believe that some of their competitors have closed permanently due to Covid.
In 2019, the married owners made profits of $91,886 and YTD September (9 months) 2021: $73,829.
Not a franchise.
Home based so no rent cost.
No special licensing or permitting required.
Makes enough money to enjoy Hawaii’s paradise.
Enjoyable and easy business to operate.
Listing ID: Honolulu Carpet
Location: Honolulu, Hawaii
Type of Entity: LLC
Year Established: 2016
Industry or Business Category: Carpet and Upholstery Cleaning
2019 Source: Tax Return
SDE: $73,886 (after a $18,000 negative adjustment for the wife’s compensation; without adjustment: $91,886)
Asking Price: $179,000
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.
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).
After adding additional resources expand their marketing programs to acquire more customers.
Offer new services like fabric stain protection products and flea and tick treatments.
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.