Business Overview

Great opportunity to acquire an established and fast growing residential cleaning company. This Non-Franchise business has a great website, great reviews and has grown significantly from social media, word of mouth, and personal client referrals. Revenues in 2021 were over $600,000 with 8- 2 person crews. Clients are concentrated in the East Valley in the communities of Maricopa, Casa Grande, Sun Lakes, Ahwatukee, Chandler, Scottsdale and Gilbert. This business averages around 250 homes cleaned per month. The customer base is 95% residential with a good mix of monthly, bi-weekly, one-time, and move in/move out and VRBO business. Fantastic website with built-in quoting algorithm for determining rate based on square footage, number of bathrooms, etc. or hourly. Clients can also add extra services through the website. Maids drive their own vehicles and this is a non-franchise business with no Royalties. Seller works from home and does mostly customer service, booking, and marketing. Seller only occasionally goes into the field to double check work or resolve a client issue. SERIOUS INQUIRIES ONLY PLEASE. All inquiring parties will be required to complete a confidentiality agreement before receiving any additional information.

Financial

  • Asking Price: $315,000
  • Cash Flow: $135,000
  • Gross Revenue: $615,000
  • EBITDA: $135,000
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2018

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:17
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Seller works from home.

Is Support & Training Included:

2 week training period

Purpose For Selling:

Other business interests

Additional Info

The venture was established in 2018, making the business 4 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons why people decide to sell companies. Nevertheless, the real factor and the one they tell you may be 2 absolutely different things. As an example, they may claim "I have too many various responsibilities" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these might just be excuses to try to conceal the reality of changing demographics, increased competitors, current decrease in profits, or a variety of various other factors. This is why it is very crucial that you not count absolutely on a seller's word, yet instead, use the seller's answer combined with your total due diligence. This will paint a much more practical image of the business's existing scenario.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses take out loans in order to cover items like stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can imply that earnings margins are too thin. Many companies fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that must be met or may result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location attract brand-new customers? Most times, operating businesses have repeat consumers, which form the core of their everyday revenues. Specific factors such as new competition growing up around the area, road building, as well as personnel turnover can influence repeat clients as well as negatively influence future earnings. One vital point to consider is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the better the possibility to construct a returning customer base. A final idea is the general area demographics. Is the business situated in a largely populated city, or is it located on the outside border of town? How might the neighborhood mean house income influence future earnings prospects?