Opportunity-Comm. & Residential Cleaning Services

Not Disclosed, GA

Asking Price: Annual Revenue:
$1,700,000 $2,555,048

Services: Cleaning

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RE: Opportunity-Comm. & Residential Cleaning Services Broker: Greg Younts
Owner Financing is Available!
$1,530,000 down/$170K over 60 mos. @ 6%.

Quick Facts

Asking Price: $1,700,000
Annual Revenue: $2,555,048
Net Profit: Not Disclosed
Cash Flow: $389,698
Total Debt: Not Disclosed
FF&E: $547,000
Real Estate: Not Disclosed
Year Established: 1978
Employees: 84
BBN Listing #: 30834955
Broker Reference #: 1104-16633

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Business Overview:

This outstanding business has been serving its community and surrounding areas for over 40 years and has grown into a highly diversified business offering a broad range of commercial and residential cleaning services. The overall success of the business was key in the business being recognized as the top business in their region.

Services are managed and delivered by staff that are among the best trained, and most experienced and knowledgeable in the industry. The average length of employment for a full time employee is over 10 years.

The business’s broad range of services cover janitorial services, floor cleaning, and disaster restoration services. Over the past three years almost 3,000 customers have been served, and Google reviews are rarely less than 5 Stars. 65% of services revenue is recurring.

The current owners have grown the business to record levels of revenue and profitability and have greatly enhanced operations by implementing technology to the point that operations have become mostly paperless. Even though the business has grown significantly in size and service offerings, there are several possibilities for a new owner to grow the business by expanding the geographic market covered and adding new services. The implementation of technology in the business has enhanced the scalability of the business.

It is important to note that the business was negatively impacted in Q4 2021 by COVID. Loss of key staff impacted financial performance in Q4. For the four year period of 2018-2021, average income was $2.69MM and average discretionary earnings were $436K.

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Property Features and Assets:

The business operates from a modern leased 10,500 square foot building that is a combination of office space and high-ceiling warehouse. The existing facilities could accommodate up to 50% growth in the business. Assets = $612,000.

Market Competition and Expansion:

Competition consists of the national franchises in restoration services and carpet cleaning. The business distinguishes itself from the national players with their business practices and continuing efforts to build trust and strong relationships in the local community. The owners have trained their staff to continuously study cleaning methods and products, and the result is that services are delivered by professionals who are knowledgeable and work to ensure the job is done right. Competitive disadvantages include that the business is not the lowest bidder most of the time because more time is invested in staff training and staff are paid better than what is typical of competitors in their region of the state. The business does not have the large marketing budget of a national franchise and therefore focusing on relationships and targeted marketing has been one of the keys to their success. The new owner could grow the business by upselling, increasing prices, expanding the geographic area served, adding new service lines and gaining more of the market share in insurance related restoration services. Larger local accounts such as the school systems, colleges, and hospitals should be pursued as possible new customers. New service line possibilities include: Residential maid service, expanding duct cleaning services into cleaning wall units at hotels/motels, floor mat service for companies with branded floor mats(the business often receives requests for this service), vehicle detailing(this service is currently provided on a small scale), asbestos or lead paint remediation, light building maintenance such as lightbulb and air filter changing (a logical addition to current janitorial services), and trauma scene cleanup. A more aggressive marketing and sales effort directed at insurance companies and contractors could win more business in insurance related restoration services.

Reason for Selling:

Ready to venture into other businesses.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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