Well-established pressure washing company with lots of cash flow and long-term lucrative commercial clients. Valuation is based upon 2018 sales of $98K. 2019 sales were more than double at $200+K. The increase resulted from a number of additional work requests from existing long-term customers.
This happens all the time but is not included in the current valuation and list price because some years have more additional work requests than other years. The company is likely undervalued at the current list price as a result.
This company is also pre-qualified with the SBA. With an SBA loan the buyer needs to bring in only 10-percent down payment. The current owner works part-time and makes a great living.
Top-of-the-line equipment and a very efficient and well-designed pressure washing trailer combined with the owner’s cleaning system enable jobs to be completed quicker and more completely than competitors can. As a result the current owner earns up to $300 per hour on a regular basis.
This business is recession-proof.
The owner has never experienced a downturn in his 30+ years of operating this company. Sales have increased nearly every year! There are still huge and easy opportunities to increase sales.
The current owner is willing to stay on for an additional 6 months as a sales representative to help the new owner grow the business. SBA pre-qualified. With an SBA loan the buyer needs to bring in only 10-percent down.