Listing ID: 80994
Business Overview
High Quality Janitorial Business New Clients Every Month
This profitable Washoe County full service janitorial and cleaning business is ready for new ownership. The business comes staffed with well-trained employees, all the equipment, assets, and supplies.
The new owner will need to get an office lease/space, as this business is currently run from home.
Owner is willing to train for an appropriate period, to transition relationships, knowledge and operations, in an effort to give the buyer the best plan for success.
This business has been profitable year over year, with steady growth. Currently the owner has many regular clients, with more coming in consistently.
Due to the current global problem with Covid, the cleaning industry has never been needed more than now. This is a great time to grow by adding more clients in need of sanitizing work environments.
If you are looking to own a quality cleaning business with large growth potential, then this may be the right fit for you.
Locally, the Reno, Sparks, and Carson City area has a small town feel with a big city attitude. The city offers excellent shopping and dining options, robust nightlife offerings, high-performance schools, including a Tier 1 University with over 25,000 students—and is just a half hour from beautiful Lake Tahoe.
From a Business perspective, Northern Nevada is highly regarded as a pro-business, low-tax environment that appeals to a wide range of business and industry. With no personal, corporate, franchise, estate, inheritance, or inventory tax, it’s no wonder that Nevada ranks #7 Most Business-Friendly Tax Climate.
Financial
- Asking Price: $325,000
- Cash Flow: $134,774
- Gross Revenue: $387,109
- EBITDA: N/A
- FF&E: $41,000
- Inventory: $100
- Inventory Included: N/A
- Established: 2010
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:10
- Furniture, Fixtures and Equipment:N/A
No lease in place, currently working from home
30 days
Relocation
Some of the competition in the area are great referral sources. We gain a lot of clients from referrals from clients. There are several competitors, but we succeed by providing exceptional customer service and competitive pricing.
Due to the current global problem with Covid, the cleaning industry has never been needed more than now. This is a great time to grow by adding more clients in need of sanitizing work environments.
Additional Info
The company was established in 2010, making the business 12 years old.
The transaction shall not include inventory valued at $100*, which ins't included in the listing price.
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell companies. Nevertheless, the real factor and the one they say to you might be 2 completely different things. For instance, they might say "I have a lot of other obligations" or "I am retiring". For many sellers, these reasons stand. However, for some, these may simply be excuses to attempt to conceal the reality of changing demographics, increased competitors, current reduction in earnings, or a variety of other factors. This is why it is extremely crucial that you not count entirely on a seller's word, yet rather, make use of the seller's response in conjunction with your overall due diligence. This will repaint a more realistic image of the business's current situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Numerous businesses take out loans in order to cover things such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can suggest that revenue margins are too thin. Numerous companies fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that should be fulfilled or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location draw in new consumers? Often times, businesses have repeat clients, which develop the core of their day-to-day profits. Certain aspects such as brand-new competitors growing up around the location, road construction, as well as staff turn over can affect repeat consumers as well as negatively impact future revenues. One vital thing to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Obviously, the more individuals that see the business often, the higher the opportunity to construct a returning consumer base. A final thought is the basic area demographics. Is the business located in a largely inhabited city, or is it located on the outskirts of town? Exactly how might the regional mean house earnings effect future income prospects?
