Business Overview

Residential Cleaning in St Petersburg. established 18 years, The owner wants to retire.
Business comes with a trademark, website, a vehicle, and much more. 5 part-time employees and 1 full-time office manager. E-2 Visa ready, Owner will train for a smooth transition. The owner has kept the business on a smaller scale as she is looking to retire.

Financial

  • Asking Price: $49,900
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: $20,000
  • Inventory: $300
  • Inventory Included: Yes
  • Established: 2004

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:6
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Trademark obtained 2020 Website created 2005 Florida Fictitious Name registration 2005 Office/procedure Manual Complete financial records Quickbooks Intuit account

Is Support & Training Included:

The owner wants a smooth transition.

Purpose For Selling:

retire

Additional Info

The business was started in 2004, making the business 18 years old.
The sale does include inventory valued at $300, which is included in the asking price.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell operating businesses. However, the real factor vs the one they tell you might be 2 entirely different things. As an example, they might claim "I have way too many other obligations" or "I am retiring". For many sellers, these reasons stand. However, for some, these might just be excuses to attempt to hide the reality of transforming demographics, increased competition, recent decrease in incomes, or a range of other factors. This is why it is extremely crucial that you not count entirely on a vendor's word, but rather, utilize the vendor's solution in conjunction with your total due diligence. This will paint a more sensible picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans with the purpose of covering things like stock, payroll, accounts payable, and so on. Remember that occasionally this can indicate that earnings margins are too small. Lots of businesses fall into 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 think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that must be met or might cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location draw in new consumers? Often times, businesses have repeat clients, which create the core of their day-to-day earnings. Certain factors such as brand-new competitors sprouting up around the area, road building, and also employee turn over can affect repeat clients and adversely affect future profits. One important point to consider is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business often, the greater the possibility to build a returning consumer base. A final thought is the basic area demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? Just how might the neighborhood mean home income impact future earnings prospects?