Listing ID: 79065
Highly profitable commercial cleaning company. Highly reputable company that has been in business 30 plus years and has long standing relationships with their large commercial clients. Growth in sales and service have been driven by existing client base and their growth and additional needs. Covid has also driven sales for additional services offered such as disinfecting electrostatic covid sprayings. The growth opportunity could be huge as there is currently no marketing being done. Please call Dan today at 860-329-6917 or email@example.com as this opportunity will NOT last!
- Asking Price: $1,200,000
- Cash Flow: $609,270
- Gross Revenue: $1,604,330
- EBITDA: N/A
- FF&E: $13,000
- Inventory: $2,000
- Inventory Included: Yes
- Established: 1990
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,000
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 4,000 square feet with a Total monthly rent of $1,500. Lease is currently month to month and relocatable. Seller is active with 3 FT, 39 PT and 3 Contract Staff employees. Hours of operation are 24 hours 7days a week. $2,000 in inventory and $13,000 in FF&E included in the asking price. Asset’s list available for review.
The venture was established in 1990, making the business 32 years old.
The sale shall include inventory valued at $2,000, which is included in the asking price.
The business has 3FT, 39PT, 3IC employees and is located in a building with disclosed square footage of 4,000 sq ft.
The building is leased by the company for $1,500 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell businesses. Nevertheless, the real reason and the one they say to you may be 2 completely different things. As an example, they might state "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these might simply be excuses to try to conceal the reality of altering demographics, increased competitors, current reduction in revenues, or an array of other factors. This is why it is extremely important that you not depend totally on a vendor's word, yet rather, utilize the seller's response in conjunction with your total due diligence. This will repaint a much more practical image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many companies borrow money in order to cover points such as supplies, payroll, accounts payable, so on and so forth. Remember that occasionally this can suggest that earnings margins are too small. Numerous organisations come under 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 think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that need to be fulfilled or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area bring in brand-new customers? Often times, operating businesses have repeat customers, which form the core of their everyday earnings. Specific elements such as new competition growing up around the location, roadway building and construction, and also employee turn over can impact repeat consumers and adversely influence future revenues. One vital thing to consider is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Certainly, the more people that see the business often, the higher the possibility to construct a returning customer base. A last idea is the general location demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? How might the regional typical household income influence future revenue prospects?