Listing ID: 76789
Business Overview
Sellers are ready to retire and sell the business to a customer focused individual. This house cleaning service is well established with tons of referrals and repeat business.
In fact, they currently (as of Jan 12, 2022) have a waiting list of referrals that are requesting services!
They are actively looking for new employees to accommodate growth.
The perfect buyer is someone who already has a cleaning business, or experience in house cleaning, and/or marketing!
The business DOESN’T have a website! And they do zero marketing…. beside keeping their clients happy!
They have 4 employees working 8-6pm 6 days/week. (5-6 homes per day)
Vehicle Included: 2012 Toyota Sienna – 85K miles
Owners will transition buyer for 2 months. Owners may help with financing
Service Areas – San Marino, Arcadia, Temple City, S. Pasadena, Duarte, Monterey Park, Ontario, Eastvale, Chino Hills, & Brea.
Financial
- Asking Price: $199,097
- Cash Flow: $111,566
- Gross Revenue: $235,815
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1986
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:4
- Furniture, Fixtures and Equipment:N/A
Home based. (Home Based)
YES, for 2 months for an easy transition
Retirement
This Business Is Home Based
Additional Info
The venture was established in 1986, making the business 36 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell businesses. Nonetheless, the genuine reason vs the one they say to you might be 2 entirely different things. As an example, they may say "I have too many other commitments" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might simply be reasons to try to conceal the reality of altering demographics, increased competitors, current decrease in revenues, or an array of various other reasons. This is why it is extremely crucial that you not count totally on a vendor's word, however instead, utilize the seller's response in conjunction with your total due diligence. This will paint an extra realistic image of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of businesses finance loans so as to cover things like stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can mean that profit margins are too small. Numerous businesses come under a revolving door of taking loans as a way to pay back 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 contracts with suppliers that should be fulfilled or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in brand-new clients? Many times, businesses have repeat customers, which create the core of their daily revenues. Certain aspects such as new competitors growing up around the location, road construction, and also personnel turnover can influence repeat customers as well as negatively impact future profits. One essential point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business often, the better the opportunity to develop a returning consumer base. A last thought is the general location demographics. Is the business located in a largely inhabited city, or is it located on the outside border of town? Exactly how might the neighborhood typical family income impact future income prospects?
