Business Summary:
This stone & tile restoration company has over 1,600 active clients in the Phoenix Metro and low overhead costs! Established in 2013, this full-service stone cleaning, honing, polishing, and repair company has $115K in assets including 2 vans equipped with truck mounted hot water extraction equipment, high-speed weighted buffers, tools, and supplies. Two efficient technicians manage the entire on-site workload which involves cleaning, sealing, polishing, honing, stripping, repair, and treatment for all-natural stones as well as tile and carpet cleaning. The staff also includes a manager, an administrator/salesperson, and an overseer of the financials. All work is done for high-end homeowners, commercial businesses, hotels, banks, condominiums, or anyone with natural stone surfaces within the Phoenix Metro area.
The business operates from one warehouse that is not open to the public. They do utilize a virtual office when it is needed, but operations can be run remotely with ease. The team may be lean but is incredibly effective in running the business day-to-day. The owner currently handles scheduling and operations.
This business has superior social media reviews, an excellent reputation, high quality services, and a well-trained team in place. Revenue growth would certainly be obtained by advertising, infusing capital into an additional van to increase capacity, or maximizing current assets with extended hours to generate additional income. Priced at $620,000, a 10% down payment of $62,000 returns $106,494 in the first year after debt payments – a 172% return on investment!
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