Listing ID: 72782
Profitable absentee owned residential cleaning business that services the west side of the Portland Metro area. Offering residential cleaning only to regular customers on a weekly, bi-weekly, or monthly basis. The sellers have created a culture that allows their team of cleaners to develop working relationships with the customers in order to provide the highest levels of customer service and satisfaction. The business is home based and utilizes a storage unit which is cost effective and allows for employees to have easy access to supplies and materials as needed. The business has demonstrated year over year growth in service area, customer base and employees. This a great buy for someone who is looking to own a business that provides a steady revenue stream with systems in place that allow for semi-absentee ownership. The current owners are working approximately 5 hours a week on the business.
Started in 2012 by the sellers (husband and wife), they have streamlined the processes and operations of the business over the years. Today the company requires a small amount of home-based management. Currently they have a growing workforce of professional cleaners that perform all direct cleaning services for clients. The sellers currently live out of state and are able to run and manage the business remotely.
There is a healthy competition for cleaning services in any market. But demand for these services is high as well. This business has set itself apart by targeting a higher end market and focusing on service excellence and customer consistency.
The streamlined business model and systems of operation make this business easily scalable. Capitalizing on its social media presence can allow for the business to grow and service a much larger portion of the Portland Metro area. The business has an excellent brand with proven systems and poised for growth.
- Asking Price: $97,999
- Cash Flow: $52,387
- Gross Revenue: $151,134
- EBITDA: N/A
- FF&E: $6,000
- Inventory: $5,000
- Inventory Included: N/A
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:200
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Success of other business ventures
The business was established in 2012, making the business 10 years old.
The sale won't include inventory valued at $5,000*, which ins't included in the requested price.
The business has 5 employees and is situated in a building with approx. square footage of 200 sq ft.
The building is leased by the company for $235 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell companies. However, the genuine reason and the one they tell you may be 2 entirely different things. For instance, they may state "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might simply be justifications to try to hide the reality of changing demographics, increased competitors, current decrease in earnings, or an array of other reasons. This is why it is really vital that you not rely absolutely on a seller's word, yet rather, utilize the seller's answer along with your total due diligence. This will paint a more sensible picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of businesses finance loans so as to cover items like stock, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can suggest that profit margins are too small. Numerous organisations fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that need to be fulfilled or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in brand-new clients? Most times, companies have repeat customers, which create the core of their everyday profits. Certain aspects such as new competition growing up around the location, roadway construction, as well as staff turnover can influence repeat clients and adversely affect future earnings. One important thing to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business on a regular basis, the better the chance to construct a returning consumer base. A last thought is the basic location demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood mean household earnings effect future revenue prospects?