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 founded in 2021, making the business 1 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons people choose to sell operating businesses. Nonetheless, the genuine factor vs the one they tell you may be 2 totally different things. For instance, they might claim "I have way too many various obligations" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might just be justifications to try to conceal the reality of transforming demographics, increased competitors, recent reduction in profits, or a variety of various other factors. This is why it is really important that you not depend entirely on a seller's word, but rather, use the seller's answer along with your general due diligence. This will repaint a much more realistic picture of the business's current situation.

Existing Debts and Future Obligations

If the existing company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Many companies take out loans in order to cover things such as stock, payroll, accounts payable, etc. Bear in mind that in some cases this can indicate that revenue margins are too small. Many businesses come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that must be satisfied or might result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location draw in brand-new consumers? Many times, businesses have repeat consumers, which create the core of their day-to-day revenues. Particular aspects such as brand-new competition sprouting up around the area, roadway building and construction, and employee turn over can influence repeat clients as well as negatively influence future revenues. One important thing to take into consideration is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business often, the better the chance to construct a returning consumer base. A final thought is the general location demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? Exactly how might the local typical house earnings effect future revenue prospects?