Listing ID: 81031
SBA Financing available! Independent janitorial business, established 17 years with operations in Las Vegas NV and Fresno CA. This business is 30% commercial and70% residential. Services include deep cleaning and carpet cleaning. Very successful digital advertising programs have the phone ringing off the hook. The current owner manages Las Vegas operations including customer relations, supervises cleaners and financial management. Fresno operations are overseen by a local manager. Limitless growth of this business can be achieved by adding cleaning staff. This business can be relocated as it is managed from a single office on a MTM lease.
Everything on your wish list for the ideal company is here:
• Digital marketing has the phones ringing off the hook
• Asset light – no major recurring capital needs
• Established market & customers
• High customer retention
• Stellar reputation
For quickest response to your inquiry, please call listing broker Larry Goldstein (RE# S.0188852; Business Broker Permit# BUSB.0007059) at 702-546-8844 or email firstname.lastname@example.org.
- Asking Price: $222,900
- Cash Flow: $119,153
- Gross Revenue: $330,440
- EBITDA: N/A
- FF&E: $1,000
- Inventory: $100
- Inventory Included: Yes
- Established: 2005
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:252
- Lot Size:N/A
- Total Number of Employees:11
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 242 square feet with a Total Rent of $450.00 Las Vegas, $317.00 Fresno, $150.00 Virtual. Seller is active in the business with 10 PT employees and 1 Independent Contractor. Hours of operation are 8 AM to 5 PM, Mon-Fri. $100 in Inventory and $1,000 in FF&E included in Asking Price. General Business License Required.
The business was established in 2005, making the business 17 years old.
The sale shall include inventory valued at $100, which is included in the asking price.
The company has 11 employees and resides in a building with disclosed square footage of 252 sq ft.
The property is leased by the business for $450 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell companies. Nevertheless, the true reason vs the one they say to 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 are valid. However, for some, these might simply be excuses to attempt to hide the reality of transforming demographics, increased competition, recent decrease in earnings, or an array of other factors. This is why it is really important that you not depend totally on a vendor's word, yet instead, use the seller's response combined with your overall due diligence. This will repaint a more sensible picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans with the purpose of covering things like inventory, payroll, accounts payable, etc. Bear in mind that occasionally this can mean that profit margins are too small. Lots of businesses fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that have to be met or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area attract brand-new customers? Most times, operating businesses have repeat clients, which create the core of their day-to-day revenues. Certain variables such as brand-new competition growing up around the area, roadway construction, as well as employee turn over can influence repeat customers and also adversely influence future profits. One vital point to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more people that see the business regularly, the greater the chance to build a returning client base. A final idea is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? How might the local median house income effect future revenue prospects?