Business Overview

Take advantage of this once in a lifetime opportunity to own the highest rated cleaning company in Central Oregon!

This turnkey cleaning company has been steadily growing its client and employee base in Central Oregon for over 20 years. With a primary focus on residential clients, this business has a large portion of commercial accounts and has unlimited growth potential in the fastest growing county in the State of Oregon. They have established service contracts and a very loyal client base with tenure averaging 3-5 years.

With established contracts and great google reviews this cleaning company is poised for success for a new owner. Most of their satisfied employees have been with the business greater than 2 years and have the ability to act as team lead on any project. The current owners work approximately 20-30 hours per week.

This business has the ability to market to directly through CRM and use an app to manage schedules.

The owners would like to retire and will consider a portion of seller financing for approved buyers.

Financial

  • Asking Price: $800,000
  • Cash Flow: $231,251
  • Gross Revenue: $460,732
  • EBITDA: N/A
  • FF&E: $70,095
  • Inventory: $2,072
  • Inventory Included: Yes
  • Established: 2001

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:12
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

Retirement

Additional Info

The business was founded in 2001, making the business 21 years old.
The deal shall include inventory valued at $2,072, which is included in the listing price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people choose to sell businesses. However, the genuine reason vs the one they tell you might be 2 absolutely different things. As an example, they might claim "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might just be reasons to attempt to hide the reality of altering demographics, increased competitors, recent decrease in revenues, or an array of various other factors. This is why it is really essential that you not depend entirely on a vendor's word, but instead, utilize the seller's answer in conjunction with your total due diligence. This will paint an extra practical image of the business's present situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies take out loans so as to cover items such as stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can mean that profit margins are too thin. Many organisations fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that have to be satisfied or may result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area draw in brand-new customers? Many times, companies have repeat consumers, which develop the core of their daily earnings. Specific factors such as brand-new competition sprouting up around the location, road building and construction, and personnel turnover can influence repeat clients as well as negatively impact future earnings. One crucial point to consider is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business regularly, the greater the possibility to construct a returning client base. A final thought is the basic location demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the regional typical family income influence future revenue prospects?