Established Profitable Pressure Washing Business in High-Income Area

Excellent reputation with 5.0 Google rating and loyal customer base!

This profitable, high-margin pressure washing company was founded in October, 2020, with the mission of providing clientele in Mount Pleasant, SC, and surrounding areas with hassle-free, white-glove exterior cleaning services. Lean growth has been the primary focus: heavy investment into organic avenues of marketing that will provide new long-term business, with little need for paid marketing, and using efficient equipment setups to service their customers. The company’s main focus has been repeat business with high-income residential clients and acquiring new clients through their website, Google Business Page, and referrals to maintain consistent revenue increases and a good margin.

The company has been consistently profitable over the last three years of operation, with between $123,000 and $134,000 of discretionary earnings each year. The company’s reputation is virtually flawless, with a 5.0 Google rating on 130+ Google reviews. The company also offers a holiday light installation service in the winter, which helps fill the gap that most pressure washing companies experience in the “offseason” and provides additional revenue and a more balanced revenue distribution.

An owner-operator can make a good living maintaining current operations, or they have the ability to keep growing the business into a large-scale operation with multiple trucks and technicians if desired.

The company ranks number 1 for many search terms and is within the top 5 spots for search terms related to areas surrounding Mount Pleasant. Despite competitors also investing in organic sources for leads, the company has been maintaining their position on SERPs for much longer and more effectively.

The owner is looking for a change in career path that is more aligned with his personal interests. He started this business after completing his degree as a change of pace and a personal endeavor to learn sales, marketing, and home service startup from the ground up. He is no longer interested in being an owner-operator of the company and does not wish to scale the company beyond its current capacity.

Purchase price is $375,000 and includes all trucks, equipment, assets, customer lists, and other related goodwill. Minimum of 20% down with additional financing terms being negotiable, but a strong preference for a cash deal or traditional financing. Open to reasonable holdbacks.

Down Payment: N/A

Total Sales: $300,000

Cash Flow: $125,000

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: $83,800

FFE Included: Yes

Inventory: $500

Inventory Included: Yes

Year Established: 2020

Non-Owner Payroll: N/A

Employees: 2

Absentee Owner: No

Real Estate: N/A

Monthly Rent: $300

Franchise: No

Facilities Information:

The company rents two garage spaces in the Wando area for $150 per garage space, for a total of $300 per month in rent. Technicians have full access, and keys are kept in a lockbox. The technicians only take trucks home if they have a job where it would be more efficient for them to take them home overnight for the next day, or if they need to make a stop for supplies/chemicals in the morning on their way to the owner’s residence. Even if it may save them time in the morning, they currently aren’t forced to take the trucks home if they don’t want to.

Reason For Sale:

The owner is looking for a change in career path that is more aligned with his personal interests. He started Mount Pleasant Pressure Washing after completing his Bachelor of Science in Biology and Chemistry as a change of pace and a personal endeavor to learn sales, marketing, and home service startup from the ground up. He is no longer interested in being an owner-operator of the company and does not wish to scale the company beyond its current capacity.

Training & Support:

Owner training is included to get a buyer up to speed, and timeframe and total hours are negotiable.

Competition:

Due to the humid climate and quick-paced growth in the area, there are a number of other pressure washing companies in the area. Being that MPPW’s main source of new leads is through Google, their main competition is from other companies competing for digital real estate on Google SERPs. MPPW ranks number 1 for many search terms and is in the first 1-5 spots for search terms related to areas surrounding Mount Pleasant, SC. Despite competitors also investing in organic sources for leads, MPPW has been maintaining their position on SERPs for much longer and more effectively.
Local competition has a great relationship; MPPW sends work they cannot handle in a timely manner to competitors, and competitors reciprocate. Their lead flow surpasses their ability to complete jobs that come their way. Essentially, local competition is not much of a consideration, as the company has more work coming in than they can handle.

Potential Growth:

As previously mentioned, the Seller has generally worked with just a single full-time technician plus one part time in the busy season, and has relied almost exclusively on organic growth: referrals, Google searches, etc. They have also focused on a fairly limited service area up to this point.

The opportunity is ripe for the right buyer to grow the business immediately:
• Through additional prospecting and marketing efforts.
• By expanding with more service to West Ashley, James Island, Johns Island, and other areas within a reasonable service radius.
• By hiring additional technicians to cover the additional work in the current service area or in an expanded service area.

This business also provides a great opportunity for an existing pressure washing company to immediately expand their customer base and scale their own business.

Financing/Terms:

Purchase price is $375,000 and includes all trucks, equipment, assets, customer lists, and other related goodwill. Minimum of 20% down with additional financing terms being negotiable, but a strong preference for a cash deal or traditional financing. Open to reasonable holdbacks.