Business Overview

Established in 1992, this business has built a reputation as being one of the best cleaning companies in the state of Oklahoma.

It started out as a window cleaning business and has now become the leading cleaning service in the construction industry. In addition to the cleaning business, they also cover power washing, stripping, waxing floors, carpet cleaning, and restoration.

Financial

  • Asking Price: $225,000
  • Cash Flow: $151,370
  • Gross Revenue: $644,123
  • EBITDA: N/A
  • FF&E: $35,000
  • Inventory: $2,000
  • Inventory Included: Yes
  • Established: 1992

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:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Home Based

Is Support & Training Included:

For a significant period of time with compensation after initial training period.

Purpose For Selling:

Relocating

Pros and Cons:

There are other companies in the market but few have been in business as long as this one while maintaining their great reputation.

Opportunities and Growth:

Current owner does minimal advertising and has no outside salespeople.

Home Based:

This Business Is Home Based

Additional Info

The business was established in 1992, making the business 30 years old.
The sale shall include inventory valued at $2,000, which is included in the suggested price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals choose to sell businesses. However, the real reason vs the one they say to you may be 2 entirely different things. For instance, they may say "I have way too many other obligations" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might just be justifications to try to hide the reality of altering demographics, increased competitors, current decrease in incomes, or an array of other reasons. This is why it is very essential that you not count completely on a vendor's word, however rather, make use of the seller's answer together with your overall due diligence. This will repaint a much more practical image of the business's present scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Many businesses take out loans with the purpose of covering things such as supplies, payroll, accounts payable, and so on. Bear in mind that sometimes this can indicate that profit margins are too thin. Lots of companies come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that should be satisfied or might cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area draw in new clients? Most times, businesses have repeat clients, which form the core of their daily revenues. Certain elements such as new competitors growing up around the location, road building and construction, and also personnel turnover can impact repeat customers and negatively affect future earnings. One crucial thing to consider is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business on a regular basis, the higher the opportunity to build a returning consumer base. A final idea is the basic location demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? How might the regional typical family income impact future revenue potential?