Commercial Cleaning Service - 80% Contracts-32124

Not Disclosed, CT
Hartford County


Asking Price: Annual Revenue:
$499,999 $896,188

Services: Cleaning


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RE: Commercial Cleaning Service - 80% Contracts-32124 Broker: Melvin L. Vaz
Owner Financing is Available!
$399,999.00 Down & $100,000 over 24 months @ 6%

Quick Facts

Asking Price: $499,999
Annual Revenue: $896,188
Net Profit: Not Disclosed
Cash Flow: $218,571
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 24
BBN Listing #: 16844447
Broker Reference #: 32124

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Business Overview:

Commercial Cleaning Service - 80% State and Municipal Contracts. Not a franchise. This business has seen sharp growth over the past 3 years. In fact, there has been surge of demand with the Covid 19 outbreak. They have focused on capturing recurring state and municipal contracts, primarily in Hartford County. Most contracts are locked in until 2022. They are typically 3 year contracts with 2 year options. Contract work alone for 2020 should be a locked in for a minimum of $900,000 in total revenue. Cash flow is expected to exceed $240,000 this year. There are currently 24 (W-2) employees on staff with management in place. We are seeking a serious and financially qualified buyer with at least $399,999 in liquid funds to cover the down payment. To learn more, please contact Mel Vaz today. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only! Please use email reply button of this ad to contact us.

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Reason for Selling:

Moving

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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