Commercial Cleaning on 4 Islands

Not Disclosed, HI


Asking Price: Annual Revenue:
$1,850,000 $2,391,694

Services: Cleaning


Request More Information
Contact the Seller

RE: Commercial Cleaning on 4 Islands Broker: Seller of Business
Owner Financing is Available!
12.5% Buyer Down Payment $231,250 12.5% Seller Financing $231,250 75% Bank Loan $1,387,500

Quick Facts

Asking Price: $1,850,000
Annual Revenue: $2,391,694
Net Profit: Not Disclosed
Cash Flow: $658,262
Total Debt: Not Disclosed
FF&E: $504,164
Real Estate: Not Disclosed
Year Established: 2005
Employees: 43
BBN Listing #: 681634398
Broker Reference #: TRA037-H

Email or Print Listing

Request More Information
Contact the Seller


Business Overview:

The current owner of this full-service Janitorial Company has offered a $586,066 discount on the Fair Market Value of this business due to his need to move. This custodial business has been valuated at a low 2.8 multiple in addition to the aforementioned fair market discount, making this an excellent deal for buyers and the current owner has put forward a show of good faith by offering 12.5% seller financing to sweeten the deal. Approximately 95% of their clients are repeat clients, these 27+ repeat commercial clients include some of the largest entities in Hawaii as well as a few industrial agricultural companies. Since 2005 this Hawaii based commercial janitorial establishment has been able to establish an excellent reputation by offering their services paired with a focus on their customer’s needs. With four locations, one on each of Hawaii’s most populated islands (Kauai, Oahu, Maui, Molokai), this business benefits from excellent name recognition, resulting in repeat clients and little need for advertising. The increase of cleanliness and hygienic standards has helped to increase revenue which has been maintained through 2022, as companies, and employees, have a greater appreciation and demand for a clean and sanitary workplace. Their experienced general managers and technicians are self-sufficient, helping to generate over $2.9 million in sales in 2021, leaving the owner with minimal responsibilities.

Their Green Seal certification ensures the highest quality standards in cleaning practices, instilling a high level of trust between this cleaning business and their repeat clientele. They also have the exclusive license in Hawaii to clean one of America’s most popular drapery brands. Between their Green Seal certification and their drapery cleaning license, they can provide exclusive services that cannot be found anywhere else in Hawaii. A new owner will have the flexibility to continue to run the business as is or expand as desired into the residential sector or to other Hawaiian Islands.

Priced at $1,850,000, this business will produce $368,743 after debt payments in the first year! Any potential buyer can feel comfortable knowing that the current owner will offer a one-year training/transition period to assist in learning the ropes of contract renewals and management on multiple islands.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Vehicles: $74,300 (several crew vans) Inventory: $79,877 Equipment: $149,987 (wet/dry vacuums, drying systems, HEPA filters, carpet cleaners, etc.) Working Capital: $200,000 (AR/AP average) Profit Margin: 26%

Market Competition and Expansion:

Expand into residential cleaning.

Reason for Selling:

Moving to Continental US.

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.

Documents:

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!