Established Profitable Cleaning Service

Albuquerque, NM
Bernalillo County

Centrally located in Metro Area


Asking Price: Annual Revenue:
$475,000 $641,000

Services: Cleaning


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RE: Established Profitable Cleaning Service Broker: Barbara Kline
License #: NM REC 49950

Quick Facts

Asking Price: $475,000
Annual Revenue: $641,000
Net Profit: Not Disclosed
Cash Flow: $146,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 40+
Employees: Not Disclosed
BBN Listing #: 324659713
Broker Reference #: 2022=10

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Business Overview:

The residential cleaning business is highly competitive, and this company has demonstrated its ability to rise to the top. This locally owned business is a franchisee of a national brand. It is 45 years young (the current owners have operated it for 32 years) and thriving with a 22% SDE. The business exceeded pre-Covid Gross Revenues in 2021 and is on track for additional growth in 2022. A high percentage of the customer base is residential, although there are several commercial accounts. A third of the staff has been with the company for more than 10 years. The sale includes FF&E and inventory; franchise fees are additional and will be paid directly to the Franchisor.

Seller spends approximately 33 hours per week managing this turn-key busines and is willing to provide transitional support in addition to Franchisor-provided training. This business opportunity is ideal for an owner/operator looking to purchase an established business with room for growth.

This is an asset sale. the owners wish to retire.

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Property Features and Assets:

Property is not included in listing price of business, however, Owner is willing to discuss lease or rent of current space with Buyer. This business is currently located in a +/-1704 sf building on .3421 acres in a location that is central to the Greater Albuquerque Metro area with easy freeway access. The building houses the offices, staff breakroom and storage areas necessary to support the business. Cleaners operate out of this facility and work on customer premises. The business owns all equipment necessary to support the cleaning staff.

Market Competition and Expansion:

There are a variety of cleaning services in Albuquerque. This franchise has been established for more than 40 years and has Seller Discretionary Earnings in excess of 22%. The name and quality of service are established and in demand. The staff is well trained and 1/3 of the staff have been with the company for more than 10 years. There is an opportunity to expand the geographic area of the franchise. In addition, the market for cleaning services in the Greater Albuquerque area is not saturated. Additional marketing could easily yield additional business.

Reason for Selling:

Retirement

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 a franchise resale opportunity.

Documents:

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