Tile and Grout Service Franchise

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Tile and Grout Service Franchise
North CarolinaListing DetailsOffice ID: GROUT1
Status: Active
Listing Broker: George Bradbury
Listing Price: $174,500
Gross Revenue: $368,887
Cash Flow: $81,000
12 Month Forecast: $425,000
Forecasted Cash Flow: $85,000
Inventory: $5,000
Inventory Included: Yes
FF&E Included: No
Sales Structure: Asset Sale
Seller Financing: Yes

Reason for Sale:

Owners are relocating.

Training:

Owners will work with the buyer to insure a smooth transition. The franchisor has a two week training program at their headquarters.
OperationsYear Established: 1992
Last Acquired: 2017
Form of Ownership: LLC
Employees (contractors): 3
Managers: 1
Business Hours: M to F 8 to 5
Summary

Business Description:

This home-based franchise offers low overhead with large exclusive territories. The certified and insured technicians perform restoration and repair to residential and commercial tile and grout clients. This business has a proven approach to success through a combination of a premium home services and superior proprietary products. They only use quality products, using the most effective yet least invasive procedures to get optimal results for each client.

Historical Summary:

This home-based business started in 1992 and began franchising in 2010. This franchise system is unusual in that they give their franchisees very large protected territories.

Owner Qualifications:

Buyer should have general business, accounting, sales and marketing familiarity.

Competition:

There are 3 other tile/grout maintenance companies in the Triangle.

Potential Growth:

Potential to double profits within a few years, with lower overhead and more advertising and more contractors.
LocationType of Location: Warehouse
Monthly Rent: $500

Facilities:

This is home based business. One storage facility is rented to store supplies.

Franchise Renewal Date: Oct 1, 2024
Royalty %: 1,000
Franchise Transfer Fee: $1,500
--Paid By: Buyer
Training Fee: $3,000
--Paid By: Buyer
Last Updated: Oct 2, 2019 / 11:33 AM
Financial Information Current as of: Jun 19, 2019 / 7:38 AM