Established Harford County Cleaning Franchise

Not Disclosed, MD
Harford County

Eagle


Asking Price: Annual Revenue:
$480,000 $1,004,571

Services: Cleaning


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RE: Established Harford County Cleaning Franchise Broker: Seller of Business

Quick Facts

Asking Price: $480,000
Annual Revenue: $1,004,571
Net Profit: Not Disclosed
Cash Flow: $167,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 413055583
Broker Reference #: Not Disclosed

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Business Overview:

This is one of THE best “Lifestyle” businesses you could ever own! Spend time with your family and do the things you like to do AND have a great business! This is a top brand professional residential/commercial cleaning franchise resale with a huge client base, well-trained and seasoned staff/manager, quality cleaning teams, and a huge service territory. The business model provides the perfect lifestyle with a Monday-Friday 8-5 p.m. work week so your family life doesn’t suffer. Contact us for the NDA for further discussion.

*WHAT WE DO…We clean homes and offices…BUT this is essentially a highly scalable, executive level management/staffing business. It is not sexy, and perhaps it is not cocktail party fodder, but it can make you great money and is the perfect lifestyle business! We use professionally trained teams to clean and work in the homes and we do a ton of them! No experience in this industry is needed. The franchisor will train you on all you need to know.

The owner had a Wall Street level appraisal completed on the business. Wells Fargo, US Bank, Radius Bank, CIBIC Bank and about 10 other major banks use this valuation firm to do their own internal appraisals for their underwriter teams. The point is, this is a solid appraisal number.

Possible deal structure - Here's the breakdown:
• Investment considerations: Projected ROI of 38%!
• Total purchase price: $480,000 (Appraised price)
• Down payment: $96,000
• Current SDE (the business cash flow): $167,000 (2019)
• Amount financed $384,000 ($480,000- $96,000 = $384,000)
• Debt service per year (annual note payment): $55,422 (10 years at 7.80% apprx.)
• SDE less debt service: = $111,578 ($167,000 – $55,422 = $111,578)
• Assume - New owner to pull $75,000 a year out of the business in wages
• Remaining SDE (cash flow) after owner wages and paying annual debt service = $36,578 ($111,578 – $75,000 - $55,422 = $36,578). So after making your debt payment each year and paying yourself $75k in wages you still have $36,578 to do with as you wish (pay down your debt earlier, reinvest the company or take a vacation).

• Return on investment or your return on injected capital (down payment) year after year = 38%! ($36,578/$96,000) …Tough to make 10% to 15% in the stock market!!!

• This scenario does not include working capital which can likely be built into the loan package as a line of credit.

•Important: Do not take our word for it on the investment information, call and meet with your accountant and make sure he/she agrees with the outline above. Do not make any financial investment into this business where your money could be at risk until you agree with your financial advisor's opinion and are comfortable with the presented numbers from the seller.

*****
This is an established Franchise. Sale is confidential.

Non-Disclosure Agreement (NDA) is required. The sale is confidential which is why we are not publishing sensitive financial information or the name. Information provided to qualified buyers with NDA in place.

*Gross Revenue and Cash Flow stated by seller. *All information, data, financials, valuations, appraisals, real estate values, etc. must be verified with the seller and buyer’s own professional advisors, CPA, etc. Buyers should always verify all information with the seller and their own independent advisors before putting any money at risk. No brokers, students, or anyone under 18 please.

Contact Us For the NDA For Details. We will provide the short online NDA form to you via email. Be sure to Check your junk/spam email folders.

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:

Established, furnished, equipped office. Trained staff/manager, cleaning teams, supplies, etc.

Market Competition and Expansion:

*This is a recurring cash-based business – No accounts receivable and No inventory! *The business has a high customer retention rate that keeps you from chasing new customers. *The Monday-Friday 8-5 p.m. work week makes this the perfect lifestyle business that let's you have your weekends and holidays to yourself and for your family. *The business model is turn-key and simple and has been honed and perfected for years, with attractive return on effort, family-friendly working hours, a network of hundreds of peers, and repeat customers who generate multiple recurring revenue streams.

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 a franchise resale opportunity.

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