FILTA ENVIRONMENTAL OF RHODE ISLAND

FRANCHISE FOR SALE IN PROVIDENCE COUNTY, RHODE ISLAND

List Price: $320,000 USD

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INTRODUCE ME TO THE SELLER

Annual Gross Revenue:

$295,000 USD

Annual Net Profit:

$50,000 - $100,000

Value of Inventory:

Less Than $25,000

Value of Assets:

$50,000 - $100,000

Business Category:

Cleaning/Maintenance

Business Operates From:

My Home

Year Established:

2018

Seasonal Business:

No

1-3 Months

TRANSITION SUPPORT

Somewhat

PRICE/TERMS
FLEXIBILITY

Full-time

OWNER INVOLVEMENT

SUMMARY

The current Rhode Island franchise was started in 2018, and has EXCLUSIVE RIGHTS to the ENTIRE state of Rhode Island. Filta, however, has been a presence in RI for over 10 years. Over the last couple years, business is back on track with double-digit growth year over year. Customers find great value in the service so it’s easy to win them over. Customer retention is high, as the current owner has built a reputation for quality service and reliability. The service we provide is unique and as a result there is no direct competition. We currently service commericial kitchens in restaurants, hospitals, colleges and universities, corporate kitchens, assisted living centers and food courts. This means that our business is very diversified and not dependent on one type of customer or market segment. Our environmental franchises have been handling the tough but essential job of fryer management and cooking oil filtration and removal (and other important related tasks) for restaurants and food establishments for over 20 years. Our proprietary filtration system gets more life out of commercial cooking oil, saving our customers time and money, and our ability to recycle oil once it’s outlived its usefulness means protecting the environment from spills and haphazard disposal.

PHOTOS

FACTS

Part-Time Employees:

0

Full-Time Employees:

1-5

Total Employees:

Less Than 10

Timeframe for sale:

Flexible

Total Approx. Monthly Rent:

$500/month

VIDEO

DESCRIPTION

DAY-TO-DAY INVOLVEMENT

Owner is actively involved in the day to day operation of the business. Being "out in the field" allows the owner to have face to face contact with customers which is essential for a service company in the restaurant/commericial kitchen environments.

FRANCHISE BRAND ACCOLADES AND AWARDS

America’s Best Franchises; Top Green Company; Green Leaf Award; Hot 100 Franchise by the American Registry and Red Hot Franchises, German Excellence Award

ASSET DESCRIPTION

Vehicles - 2015 Chevy Express 2500, 2018 Dodge Ram Promaster 1500 - each vehicle has a 200 gallon waste oil tank, side loading ramp, vacuum, Filta vacuum cart and shortening shuttle * MFU's - 2015 Gen 3, 2018 Gen 4* 4 x 250 gallon IBC waste oil totes* Vapor Clean Industrial Steamer & accessories* 1800W generator*55 gallon Super Sucker - Goldstar pump, cart, 55 gallon drum and hoses*30 gallon Mini Sucker - Redine pump, cart, 30 gallon drum and hoses

INVENTORY DESCRIPTION

Misc tools and extra parts for emergency repairs. 8 boxes MFU filters

ADDITIONAL INFO

This Filta franchise has the exclusive rights to service the entire State of RI. With the strong tourism industry in Newport and South County this franchise has great opportunity for significant growth in the years ahead.

BONUS MATERIAL

WHY I LOVE MY FRANCHISE

It really amazes me how happy my customers are when they see us walking into the kitchen to clean their fryers. The kitchen staff is so happy that they don't have to handle the dirty and hot cooking oil. The managers are happy that their staff is not complaining about having to clean the fryers and that they are able to focus on other jobs that have to be done in the kitchen. I also love that the kitchen staff is always ready to give us some food because they are so happy with our service!

REASON FOR SELLING

Owner has reached retirement age and would like to take advantage of that!

GROWTH OPPORTUNITIES

There is a significant amount of growth potential in RI. The tourism industry is back to normal now that the pandemic is behind us. RI has a vibrant food scene and Brewpubs are opening up throughout the state. In addition, there are still colleges and universities that could benefit from Filta services. The current franchisee is a member of the Rhode Island Hospitality Association and has increased business by targeting it's members through E-mail blast sent to all 2,200 members. It will only take a little effort to expand an already established Filta business in RI.

Some

SELLER FINANCING AVAILABLE

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