Listing ID: 70187
Business Overview
Market leading residential cleaning franchise with an experienced team in place!
Cleaning services are something every home needs and consumer spending in this industry continues to grow every year. As lives become more hectic, the need for home services only becomes more in demand. We are a well established residential and commercial cleaning services provider with over 22 years in business great base of long term clients, who are highly satisfied. Sale includes company cleaning equipment and inventory. Business services the tri-county area. Call Kaye Thompson 901-361-6824 for inquiries.
Financial
- Asking Price: $55,000
- Cash Flow: $50,000
- Gross Revenue: $246,000
- EBITDA: N/A
- FF&E: $3,000
- Inventory: $800
- Inventory Included: Yes
- Established: 2000
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
Home Based (Home Based)
Will provide training assistance for buyer/orientation
Retirement
There is always room and growth for home cleaning services, in these busy times and with so many balls to juggle, more people are taking advantage of professional cleaning services.
Tremendous growth with digital marketing.
This Business Is Home Based
Additional Info
The venture was started in 2000, making the business 22 years old.
The sale shall include inventory valued at $800, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals choose to sell businesses. Nevertheless, the real reason and the one they tell you may be 2 absolutely different things. As an example, they may state "I have too many various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might simply be excuses to try to conceal the reality of transforming demographics, increased competition, current reduction in revenues, or an array of various other factors. This is why it is really important that you not count entirely on a seller's word, but instead, utilize the vendor's answer combined with your total due diligence. This will paint an extra sensible picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies take out loans so as to cover points such as supplies, payroll, accounts payable, and so on. Bear in mind that in some cases this can imply that earnings margins are too tight. Lots of businesses fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that have to be satisfied or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract brand-new consumers? Many times, companies have repeat clients, which develop the core of their daily revenues. Particular variables such as new competitors growing up around the location, roadway building and construction, and also staff turn over can influence repeat clients and also negatively impact future earnings. One important point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business regularly, the greater the opportunity to construct a returning client base. A final thought is the general location demographics. Is the business situated in a largely populated city, or is it located on the edge of town? Exactly how might the local typical household income influence future earnings prospects?
