randy said:
Cole you didn't read the thread very well as he already answered that.
An investment group bought his craigslist driven company after a couple of years. :roll:
Probably because they wanted his system since he did $178,000 his first year and $225,000 the second with only part time help on big jobs.
Despite what some would have us believe carpet cleaning businesses haven't been selling for years, for the most part they liquidate. I'm part of an investment group that has bought outright or purchased the assets of 1/2 dozen businesses since this recession started. We don't even look at service businesses. Having attended 60 plus bankruptcy /business auctions and bid on over 75 deals I can tell you that most off the times service businesses sell for liquidation value, even when they are currently operating. The market will come back for service businesses but it's not there now. People are looking for hard assets and established franchises or multi-unit operations that have franchise potential.
If $1kaDay wants to post the name of the investment group that he claims acquired his firm I can look them up, ad frankly it's a small universe so we have probably come across them, if they exist.
I'm betting the whole story is 98% bullshit.
In over 20 years I have never met anyone that did $178,000 their first year, as an owner operator. That alone flags the post.
Oh look another douchebag making judgements without all the facts, How much you want to put on the table jacka$$
Ratmoves is the primary company that the group owns, a large broker for auto transportation for dealers across the country. They started a CC business (Clean Choice), they also own a software company and several others that I don't remember. There primary avenue for growing their companies is the acquisitions...
Phil B (I believe his is VP) is the guy I made the deal with, Jeff T is the GM of Clean Choice
Mike asked me to tell a little about myself and I did, I don't really care what some of you cynical smucks think. You can't poke holes in what I have said because It's true. And whether you believe it or not is really irrelevant.
I will jump on this forum and contribute when I can, and try to help others in areas the I excel in. And learn something about things I need to improve on...so go conduct your little investigation inspector gadget and please by all means report back your findings...
And on final comment about doing $178K my first year, I had no idea what a suppose to make...nobody told me I was only suppose to make $50K a year...so I just went to work everyday applied the things I had learned from past experiences and it just happened. You would be amazed how much you can accomplish if you don't let others tell you what your suppose to accomplish.