Business Overview

Business Highlights:

– Great Location
– Room for Expansion
– Turn-Key Commercial Business
– Experienced Staff

A well-established highly profitable commercial cleaning company. The business is affiliated with a national franchise company that helps you run your business at high level. This is a perfect opportunity for an entrepreneur who is looking for a semi-absentee cleaning business.

Financial

  • Asking Price: $120,000
  • Cash Flow: $56,069
  • Gross Revenue: $203,242
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2021

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:5
  • Furniture, Fixtures and Equipment:N/A

Additional Info

The business was established in 2021, making the business 1 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals choose to sell businesses. Nevertheless, the true factor vs the one they tell you may be 2 entirely different things. For instance, they might state "I have way too many other obligations" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may just be excuses to try to conceal the reality of altering demographics, increased competitors, recent reduction in profits, or a range of other reasons. This is why it is extremely vital that you not depend completely on a seller's word, however rather, utilize the seller's answer in conjunction with your overall due diligence. This will repaint a more realistic image of the business's existing scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses finance loans with the purpose of covering items like inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can indicate that revenue margins are too tight. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that should be met or might result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area attract brand-new clients? Often times, businesses have repeat customers, which create the core of their everyday profits. Specific factors such as new competition growing up around the area, road building and construction, as well as personnel turn over can affect repeat consumers and adversely impact future revenues. One important thing to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business often, the higher the possibility to develop a returning client base. A final idea is the basic area demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? Exactly how might the regional median household earnings impact future income potential?