Business Overview

Nationally Recognized Commercial Cleaning Service Franchise for Sale. A unique opportunity has surfaced as the Area Developers for Hampton Roads are offering for sale a franchise with a center of operation in Chesapeake and Norfolk, Virginia. Currently the franchise segment has 17 clients producing in excess of $100,000 in Gross Revenue annually. This unit franchise is in it’s infancy with an established client base. However, Nationally the Franchise has operated 27 years under a proven business system that’s been perfected since inception in 1992. Operating 27 years the franchise has become one of the nation’s most respected full-service commercial cleaning companies with over 130 franchises servicing thousands of customers Nationwide. In addition, the franchise is listed in Franchise Business Review’s Hall of Fame and is ranked among Franchise Business Review’s Top 50 franchises for its exceptional franchisee satisfaction ratings. The Area Developers operate in Virginia and in concert with the franchise, Corporate will offer training and a smooth transition. This may very well be the perfect first business opportunity for someone looking to enter the business ownership ranks as the franchise has an established reputation for evolving startup entrepreneurs. Further, here are their Core Values;

Honor God
Always do what is right.
Increase brand value.
Demonstrate honesty, integrity and a hard work ethic.
Total customer satisfaction.
Go the extra mile.
Persevere with a servant’s attitude.
Accountability to commitments.

Financial

  • Asking Price: $85,000
  • Cash Flow: $39,311
  • Gross Revenue: $103,938
  • EBITDA: N/A
  • FF&E: $3,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2018

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Can be Home Based or Rent Office Space. (Home Based)

Is Support & Training Included:

Will train for 2 weeks @ $0 cost.

Purpose For Selling:

To pursue other business opportunities.

Opportunities and Growth:

On-Going Field Training from Virginia Beach Business Coaches with 20+ years Industry Expertise.

Home Based:

This Business Is Home Based

Established Franchise:

This Business Is An Established Franchise

Additional Info

The venture was founded in 2018, making the business 4 years old.

The business has 1 FT/5 PT employees and is located in a building with disclosed square footage of N/A sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons people choose to sell businesses. However, the true factor and the one they tell you may be 2 completely different things. For instance, they may say "I have a lot of other commitments" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these might simply be excuses to attempt to conceal the reality of changing demographics, increased competition, current decrease in incomes, or a range of other reasons. This is why it is very crucial that you not depend entirely on a seller's word, however instead, use the seller's response combined with your overall due diligence. This will repaint an extra practical picture of the business's existing scenario.

Existing Debts and Future Obligations

If the current business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of businesses borrow money with the purpose of covering points like inventory, payroll, accounts payable, and so on. Bear in mind that occasionally this can suggest that profit margins are too thin. Many businesses come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that need to be satisfied or might lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area draw in new customers? Often times, operating businesses have repeat clients, which develop the core of their daily profits. Specific elements such as new competitors sprouting up around the location, roadway building and construction, and employee turn over can affect repeat consumers and also adversely impact future incomes. One important point to think about is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business regularly, the higher the possibility to develop a returning customer base. A final thought is the general area demographics. Is the business situated in a largely inhabited city, or is it situated on the edge of town? Just how might the neighborhood average family earnings effect future earnings prospects?