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Unique and rare opportunity to purchase an established franchisee operating profitably in Massachusetts and Rhode Island for 38 years. The business started with one license and has expanded to 12 licenses, which gives the business a few exclusive areas in MA and RI. The cost of acquiring 12 licenses alone from the franchisor could be around $221,500, hence making the purchase price of $295,000 very attractive when considering that for this price a buyer will get the 12 licenses, operating equipment, 6 vehicles, turnkey operations, thousands of customers, well-developed referral business, repeat business from existing customers, tremendous goodwill, excellent reputation established over 38 years, long-term stable employees, strong web presence, and an annual cashflow of $178,628.
The franchisor is the nation’s largest carpet cleaning franchise with nearly 3,500 franchisees using the company’s patented products around the globe for over 40 years. It has 7% market share and is the leader in the Carpet Cleaning industry. It’s unique and patented process gives it an edge in the industry, and also the seal of approval from the Carpet and Rug Institute.
The company has 2 customized websites – one each for Massachusetts and Rhode Island; 2 customized Facebook pages with numerous positive reviews. They also boast of 245 Google reviews with 4.9 rating in Massachusetts, and an additional 30reviews with 4.8 rating in Rhode Island. They are recognized as Top Rated Professional by HomeAdvisor and Top Pro by Thumbtack. In addition, the company won Angie’s List Super Service Awards in 2011, 2012, and 2018. They’ve also won numerous awards given by the franchisor, including Franchisee of the Year in 2017.
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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.