Commercial Janitorial – Owner is Part Time

Omaha, NE
Douglas County


Asking Price: Annual Revenue:
$305,000 $332,433

Services: Cleaning


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RE: Commercial Janitorial – Owner is Part Time Broker: Jared Olson
Owner Financing is Available!
10% Buyer Down Payment $30,500 10% Seller Financing $30,500 80% Bank Loan $244,000

Quick Facts

Asking Price: $305,000
Annual Revenue: $332,433
Net Profit: Not Disclosed
Cash Flow: $98,264
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2002
Employees: 10
BBN Listing #: 874634398
Broker Reference #: TRA041-B

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Business Overview:

This operation currently has 24 clients and works in a total of 28 buildings, they primarily handle office cleanings for small businesses which make up 80% of their clients. 10% of their clients are daycare centers and schools and the remaining 10% is a combined compilation of churches, medical offices and labs, and professional service offices. The staff consists of 10 W2 cleaners who each have client accounts to handle and can operate almost entirely independent. This office cleaning service has an established contractor style business operation that leaves the current owner to work part-time, about 20 hours per week, handling business coordination as well as payroll and invoicing. While the current owner has offered a transition period of up to 3 months, she strongly believes a buyer or replacement could be trained to take over her position in less than said allocated time. Located in Omaha, NE since 2002, the staff is able to primarily operate on location with their clients, leaving this business with the opportunity to reduce overhead costs by not having a centralized office space, which has been proven effective with their current 30% profit margin.

Priced at $305,000 this business is listed with an extremely low multiple of only 3 times the cash flow! A 10% down payment of $30,500 returns $52,963 in the first year after debt payments! To further cement the stability of this acquisition opportunity, the current owner has offered to finance 10% of the purchase price as a show of good faith in the ongoing success of the business. This is an excellent opportunity for a first-time buyer, a residential cleaning service looking to expand into commercial work without adding a ridiculous amount of overhead fees, or a cleaning service in the surrounding areas of Omaha wanting to expand geographically. Not only does this business have an established team that operates like a well-oiled machine and an excellent profit margin, they have room for continued growth moving forward. Growth opportunities include establishing a marketing presence as their primary route for new clients is via word-of-mouth as well as expanding their current geographic service area.

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Reason for Selling:

Change of career directions

Additional Details:

  • The property is owned.
  • 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:

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