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Business For Sale
$475,000 OWNERS CASH FLOW PRESSURE WASHING COMPANY
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Asking Price: |
$1,650,000
USD USA Dollars
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Business for Sale Industry: |
Services: Cleaning
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Reason for Selling:
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Retirement. |
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Year Established:
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1987 |
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# of Employees:
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6 |
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Yearly Revenues:
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$1,937,529 |
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Yearly Cash Flow:
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$359,436 |
Business for Sale Overview:
$238,000 Down Buys $475,000 Owner's Cash Flow Pressure Washing Company *** For the calendar year of 2007, Owner's Discretionary Cash Flow is estimated to be $475,000 to $500,000 which is up from $359,436 for calendar year 2006 and $186,447 for calendar year 2005. This business owner is obviously doing something very right. The SBA has pre-approved this business for a project cost of $1,690,000 which would let you buy the business for $238,000(20%) down. The balance of $452,000 would have to be a combination of owner financing and collateralization with the buyer's personal assets. This would have to be negotiated between buyer, seller and banker. THIS BUSINESS CATERS TO SERVING PROPERTY MANAGEMENT COMPANIES. It has paint striping equipment to stripe parking decks and parking lots. It has a sweeper/scrubber to sweep parking decks and scrub warehouse floors. The heart of the business is pressure washing. The business has the finest equipment and very skilled technicians. It is also capable of re-claiming wash water to comply with storm water regulations. They clean parking decks, sports arenas, sidewalks, walls, apartment communities, and the exterior of buildings. They operate boom lifts but do not operate from swing stages. The company has 300 buildings where it provides truck court cleaning on a weekly basis. At these buildings, items dumped on the property are removed, office suites are cleaned out after tenants move out and vacant suites are cleaned on a routine basis. Using a Power Boss Sweeper Scrubber, 12 parking decks are swept on a routine basis. Truck courts are swept quarterly or semi-annually. The machine can be used to scrub warehouse floors and can be used to assist in parking deck cleaning by scrubbing in the de-greaser prior to pressure washing and to pick up the water if the drainage is an issue on the deck. Other services provided are: replace bulbs and ballast; clean spider webs in warehouse ceilings; clean offices and restrooms in vacant suites; investigate and reset fire/burglar alarm incidents, etc.
Property Features and Assets:
5,000 sq. ft. near major highway.
Market Competition and Expansion:
Competition: No other company has the quality clients like this one has. No other company offers as many services. No other company does a better job. No other company meets or beats all its deadlines. The business receives a 10% to 15% commission and provides subcontractor services for: striping; seal coating asphalt; asphalt repair; painting; window cleaning; concrete sealing; concrete repair; wood cleaning and sealing; handy man services. *** Growth and Expansion: In addition to the full stable of services, more building related services can be easily added. The addition of direct sales personnel would grow the business at a rapid pace. Training time is relatively short, and there is a tremendous market not being served. New construction and retail are big areas of opportunity. Other services that can be offered are: roof cleaning and vertical surface sealing. Additionally, some of the outside contractor services such as striping, seal coating, concrete sealing and window cleaning could be brought in house.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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