Listing ID: 80420
Take over this 25-year-old profitable cleaning business servicing Kennesaw, Woodstock, Holly Springs, Canton and surrounding areas. Currently 95% residential with a few commercial accounts.
The company’s goal is to provide the highest level of service available in the residential home cleaning industry. The cleaning staff is completely vetted, trustworthy and highly trained cleaning professionals.
Your role in the business would be scheduling cleaning appointments with clients, administration duties, payroll and following up with clients after the appointments.
Some clients have been with the company for several years.
Please request an NDA by email to learn more about this great business.
- Asking Price: $160,000
- Cash Flow: $103,742
- Gross Revenue: $287,629
- EBITDA: N/A
- FF&E: $5,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1997
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
The venture was founded in 1997, making the business 25 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell companies. Nevertheless, the true reason vs the one they tell you may be 2 completely different things. As an example, they may state "I have way too many various commitments" or "I am retiring". For many sellers, these factors are valid. But, for some, these may simply be justifications to attempt to conceal the reality of changing demographics, increased competition, current decrease in profits, or a variety of other factors. This is why it is really essential that you not rely absolutely on a vendor's word, however rather, utilize the vendor's answer combined with your total due diligence. This will repaint an extra reasonable picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies take out loans in order to cover points like inventory, payroll, accounts payable, and so on. Keep in mind that in some cases this can imply that earnings margins are too small. Lots of companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that need to be fulfilled or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area bring in new consumers? Many times, companies have repeat customers, which develop the core of their day-to-day revenues. Certain factors such as new competitors growing up around the area, roadway building and construction, and staff turnover can influence repeat consumers and negatively influence future profits. One vital point to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Clearly, the more individuals that see the business on a regular basis, the better the chance to construct a returning client base. A last idea is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? How might the local average home income influence future revenue potential?