Listing ID: 81038
This is a residential house cleaning business with over 170 recurring accounts. The owner lives and operates out of state. An ideal buyer need not live within the same state as the business is set up to operate with a remote owner. Support and Training will be outstanding ensuring a smooth transition. Business remained steady and profitable even during COVID. The seller states that the experienced and dedicated staff will all be willing to stay on with the new owner of this business. For more information including a detailed confidential opportunity summary with financial information and photos, please use the form on this page to request more information and the NDA will be emailed to you right away. For a quick response to your inquiry, please email listing agent Trent Lee (RE#S.0183611.LLC; Business Broker Permit# BUSB.0006978) at firstname.lastname@example.org
- Asking Price: $99,000
- Cash Flow: $80,303
- Gross Revenue: $332,210
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1996
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:13
- Furniture, Fixtures and Equipment:N/A
This listing is a home-based business with 13 FT employees. (Home Based)
This Business Is Home Based
The company was started in 1996, making the business 26 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell companies. Nonetheless, the real reason vs the one they tell you may be 2 totally different things. For instance, they might say "I have too many various obligations" or "I am retiring". For many sellers, these reasons stand. However, for some, these might just be excuses to attempt to conceal the reality of altering demographics, increased competitors, recent reduction in incomes, or a variety of various other factors. This is why it is very important that you not rely absolutely on a seller's word, however instead, utilize the vendor's solution in conjunction with your overall due diligence. This will repaint an extra practical picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Many companies take out loans with the purpose of covering points such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can mean that profit margins are too tight. Many companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that need to be fulfilled or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract new clients? Often times, businesses have repeat clients, which form the core of their day-to-day earnings. Specific elements such as new competitors growing up around the area, road building, and staff turnover can impact repeat clients as well as adversely influence future revenues. One crucial thing to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business on a regular basis, the better the opportunity to develop a returning client base. A final idea is the basic location demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? How might the neighborhood average household earnings influence future earnings potential?