Condo & Apartment Janitorial – Niche in Carpet

Omaha, NE


Asking Price: Annual Revenue:
$990,000 $854,715

Services: Cleaning


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RE: Condo & Apartment Janitorial – Niche in Carpet Broker: Cortney Sells
Owner Financing is Available!
10% Seller Financing $99,000

Quick Facts

Asking Price: $990,000
Annual Revenue: $854,715
Net Profit: Not Disclosed
Cash Flow: $356,175
Total Debt: Not Disclosed
FF&E: $286,000
Real Estate: Not Disclosed
Year Established: 1987
Employees: Not Disclosed
BBN Listing #: 584834398
Broker Reference #: TRA038-E

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Business Overview:

The current owner of this Janitorial company actively handles oversite, calls, scheduling, and financials but does not perform any carpet cleaning or repair labor. Approximately 75% of the client base for this Commercial floor cleaning business is made up of commercial housing units and apartment complexes whose landlords are looking for a spotless unit ready to be occupied by a new tenant. Their primary services offered include carpet cleaning (85%) as well as carpet patches and repair (10%) and miscellaneous services like minor water damage repair and hard floor/tile cleaning (5%). They also perform residential work for individual home owners when the opportunity presents itself. The current team operates out of a 5,000 square foot space in Omaha, NE and have over $250,000 worth of assets to allow them to operate at their highest ability. These assets included in the purchase include 6 vehicles and all of the necessary equipment for the business to continue operating as it is. This business had over $300,000 in profits in 2021 with only 7 carpet cleaning and repair workers. This business would be an ideal acquisition opportunity for an up-and-coming buyer looking to get a foot in the door of the carpet cleaning industry with their excellent and capable staff as well as the 6-month training period offered by the current owner.

Established over 30 years ago, this cleaning company has high levels of repeat clients and an excellent profit margin of 42%! This business could also be a unique opportunity for a cleaning service that is looking to add carpet and floor work to their available service repertoire. Either way, a new owner will have a significant number of additional projects available to them without additional investments and have the opportunity for growth by expanding their geographic service area or crew.

Priced at $990,000, at 10% down payment of $99,000 returns $149,131 in the first year after debts, a 150% ROI! This business has an excellent local reputation and client base, an experienced staff, all of the needed equipment for current operations, strong growth potential, and a spacious location for operations. Everything that new ownership could possibly need to enjoy and build on this highly profitable business.

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Property Features and Assets:

6 Vehicles: $258,000 3 Chevy 2500’s & 3 GMC 2500’s Equipment: $28,000

Market Competition and Expansion:

hiring outside sales representative, reimplementing previous marketing tactics, and expanding service area.

Reason for Selling:

Shifting focus to non-competing rug cleaning busin

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:

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