Tile and Grout Service Franchise--Reduced Price North CarolinaListing DetailsOffice ID: GROUT1 Status: Expired Listing Broker: George Bradbury Listing Price: $45,000 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: Jan 4, 2021 / 10:19 AM Financial Information Current As Of: Jun 19, 2019 / 7:38 AM  |
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