Commercial Cleaning Company

Halifax, Nova Scotia

Asking Price: Annual Revenue:
$790,000 $2,628,401

Services: Cleaning

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RE: Commercial Cleaning Company Broker: Mark Pothier

Quick Facts

Asking Price: $790,000
Annual Revenue: $2,628,401
Net Profit: Not Disclosed
Cash Flow: $372,721
Total Debt: Not Disclosed
FF&E: $951,797
Real Estate: Not Disclosed
Year Established: 2000
Employees: 31
BBN Listing #: 50824955
Broker Reference #: 9201-14392

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Business Overview:

One of the leading independent commercial contract cleaning service providers in Nova Scotia for over 18 years building relationships with many of the largest landlords and enterprise level clients in the region. As well, as a result of relationships developed through commercial cleaning services, provides commercial landscaping and snow removal winter maintenance to key enterprise level client. It is offered as a package with the commercial cleaning but can also be purchased separately.

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Property Features and Assets:

The business currently occupies an independent structure behind the personal residence of the owner. The commercial premises is a 1,200 square foot office above a garage. The owner expects that a buyer will move the business to a new location, but will allow a reasonable amount of time for the new owner to find an alternative, in order to minimize any disruption to the business. Rent for the premises will be $1,500 gross plus HST on a month-to-month basis for a maximum of one year after close. Assets consist of all cleaning equipment used by direct employees to clean the properties. The snow clearing company has six heavy-duty trucks with salters and blades, one backhoe, one loader and one skid steer. All equipment is in good condition and included in the sale. Total Assets; $1,049,637

Market Competition and Expansion:

Management believes that the following parameters are key to success in the industry, and that the company is competitive on all of them: Price: always a consideration and the company is not necessarily the cheapest provider, but always considers itself to be competitive. Service Quality/Reliability: in any business, is always important. It is particularly important in non-tendered work, where purchase decisions are based more on relationships than on price. The company has developed an exceptional reputation for quality and reliability over 18 years, and has become the market leader as a result. Loyalty: The company has developed a number of strong relationships with clients over many years of service, resulting in long term clients with minimal turnover. Awareness: As stated above, the company has been in business for 18 years. Because of its strong brand awareness in the market, the company is likely invited to quote on almost any significant project in the region. No limit to growth as there are many opportunities to respond to tenders. The key is to develop the workforce.

Reason for Selling:

Owner is retiring.

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.

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