Franchised Maid Service in Katy w/Large Territory

Not Disclosed, TX
Harris County


Asking Price: Annual Revenue:
$150,000 $228,000

Services: Cleaning


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RE: Franchised Maid Service in Katy w/Large Territory Broker: Anthony Keane

Quick Facts

Asking Price: $150,000
Annual Revenue: $228,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $5,500
Real Estate: Not Disclosed
Year Established: 2018
Employees: 7
BBN Listing #: 522344107
Broker Reference #: 76931-501348

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Business Overview:

National Franchised Maid Service with great territory for expansion. Customers are treated with the utmost respect and will receive nothing less than first-class service. Staff members do their best to ensure engagement with clients exceeds their expectations. Business offers Residential Home Cleaning to include one time (Deep Cleanings, Move In/Out, Design with Time) or recurring services on a weekly, bi-weekly or monthly basis. Revenues for 2021 are expected to hit $228K. Revenues in 2020 were $194K, $172K in 2019, and $94K in 2018. Currently there are 6 FT cleaners, 1 PT Admin and the Owner/Manager. Monthly rent is approximately $2,200 for 1,400 square feet, (Base Rent $1,400). Owner is the manager of this business. The hard initial years are over, walk-in today to take over a nationally franchised business with an expansive territory. Bring your energy to expand this business, take advantage of this opportunity. Sale includes approximately $5K in FF&E, $18K in Leasehold Improvements and $33K Franchise Fee. Franchise Territory includes the greater Katy, TX area including parts of Waller, Fort Bend and Harris Counties. Cleaning Services in this category typically sell for 68% of Revenue. This business is priced at 65% of Revenue and includes over $55,000 of Assets (including the franchise fees).
The Franchise location here in Katy was acquired in March 2017 and was slated to open for business in September 2017, however, Hurricane Harvey unfortunately delayed the opening for another 2 months in which finally opened in November 2017 despite a good portion of the area being flooded. The location has continued to grow over the last 4 years and was slowed considerably by the COVID-19 pandemic which caused the business to flatline for about 9 months. This year the business has seen a significant growth with a conservative projected increase of revenue of 12%-15% from the previous year. On an average, 92% of the monthly revenue is recurring services and client attrition has been held to a low percentage.
Center less than 5 Yrs. Old

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Reason for Selling:

Personal

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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