Well Established Jacksonville Cleaning Franchise

Jacksonville, FL
Duval County


Asking Price: Annual Revenue:
$1,270,000 $2,400,000

Services: Cleaning


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RE: Well Established Jacksonville Cleaning Franchise Broker: Blue Stone Business Group

Quick Facts

Asking Price: $1,270,000
Annual Revenue: $2,400,000
Net Profit: Not Disclosed
Cash Flow: $400,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2005
Employees: Not Disclosed
BBN Listing #: 531355583
Broker Reference #: tca.fl.jack

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Business Overview:

HIGHLIGHTS:

This is a SOLID cleaning business with years of excellent earnings for the seller. 2020, the COVID year, was a little rough for the firm but they restructured at the end of 2020 and now the company is on a glide-path to much more serious profitability and the company is now dropping approximately 22% of gross sales to earnings - Whereas previous years were only resulting in 13%, roughly, of sales to earnings. The way the seller has the company now structured, this trend should continue on for a new buyer for years to come. This particular location is one of the top locations in this franchise brand across the United States.
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! The company has a huge active client base (approx. 860+), well-trained and seasoned staff/managers, quality cleaning teams, and a huge service territory throughout Duvall County and the surrounding area. The company is listed at the Appraised price* and is Lender Ready for a qualified buyer*

*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 - with a Monday-Friday 8-5 p.m. work week so your family life doesn’t suffer. 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.


POSSIBLE DEAL STRUCTURE AND RETURN ON YOUR INVESTMENT (ROI):

• Projected ROI of 50%!
• Total Purchase Price: $1,270,000 (appraised price)*
• Down payment: $285,000
• Current SDE (cash flow of the business/what the business makes in earnings): $400,000 (4-year weighted from valuation)(SDE = Seller’s Discretionary Earnings)
• Amount financed: $985,000
• Debt service per year (annual note payment): $131,226 (10 years at 6.00% apprx.)
• SDE less debt service: $268,774
• Assume - New owner to pull $125,000 a year out of the business in wages
• Remaining SDE (cash flow) AFTER owner wages and paying annual debt service: $143,774 --- So even after paying your debt service each year and taking out $125,000 in a wage you should still have $143,774 to do with as you wish, pay down debt early, take it out in additional wages or go to Vegas!
Return on investment or your return on injected capital (down payment) year after year = 50% --- A great year in the stock market would be 15% to 20% and the average is about 7%. The assumption is that you do actually work in the business similar to the way the current owner does now.
• This scenario does not include working capital and DOES assume you take over a key position in the business that will require you to be there around 30 to 40hrs a week. You can normally secure the working capital as a line of credit from the bank as part of your loan structure.
• 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 advisors opinion and are comfortable with the presented numbers from the seller.

APPRAISED PRICE:
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.

SALES/ SDE HISTORY:

2018: $2,284,215/$265,756
2019: $2,504,438/$323,557
2020: $2,202,272/$262,036
2021 (projected): $2,486,182/$513,525
4-Year Weighted Sales/SDE: $2,421,049/$400,829

EXPERIENCE/TRAINING:
No Experience In This Industry Is Needed. Extensive training and ongoing support provided. Seller will provide training during transition.

**************
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*.

All information, data, financials, valuations, appraisals, inventory, FFE/Assets/Inventory, real estate values, etc. must be verified with the seller and buyer's own professional independent advisors, CPA, etc. Buyers should always verify all information with the seller and their own advisors before putting any money at risk.

CONTACT US TODAY For the NDA For Details. We will email the short 3-minute online NDA form shortly after we receive your request. Please be sure to check your spam/junk folders also.

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:

HIGHLIGHTS: This is a SOLID cleaning business with years of excellent earnings for the seller. 2020, the COVID year, was a little rough for the firm but they restructured at the end of 2020 and now the company is on a glide-path to much more serious profitability and the company is now dropping approximately 22% of gross sales to earnings - Whereas previous years were only resulting in 13%, roughly, of sales to earnings. The way the seller has the company now structured, this trend should continue on for a new buyer for years to come. This particular location is one of the top locations in this franchise brand across the United States. 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! The company has a huge active client base (approx. 860+), well-trained and seasoned staff/managers, quality cleaning teams, and a huge service territory throughout Duvall County and the surrounding area. The company is listed at the Appraised price* and is Lender Ready for a qualified buyer* *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 - with a Monday-Friday 8-5 p.m. work week so your family life doesn’t suffer. 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. POSSIBLE DEAL STRUCTURE AND RETURN ON YOUR INVESTMENT (ROI): • Projected ROI of 50%! • Total Purchase Price: $1,270,000 (appraised price)* • Down payment: $285,000 • Current SDE (cash flow of the business/what the business makes in earnings): $400,000 (4-year weighted from valuation)(SDE = Seller’s Discretionary Earnings) • Amount financed: $985,000 • Debt service per year (annual note payment): $131,226 (10 years at 6.00% apprx.) • SDE less debt service: $268,774 • Assume - New owner to pull $125,000 a year out of the business in wages • Remaining SDE (cash flow) AFTER owner wages and paying annual debt service: $143,774 --- So even after paying your debt service each year and taking out $125,000 in a wage you should still have $143,774 to do with as you wish, pay down debt early, take it out in additional wages or go to Vegas! Return on investment or your return on injected capital (down payment) year after year = 50% --- A great year in the stock market would be 15% to 20% and the average is about 7%. The assumption is that you do actually work in the business similar to the way the current owner does now. • This scenario does not include working capital and DOES assume you take over a key position in the business that will require you to be there around 30 to 40hrs a week. You can normally secure the working capital as a line of credit from the bank as part of your loan structure. • 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 advisors opinion and are comfortable with the presented numbers from the seller. APPRAISED PRICE: 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. SALES/ SDE HISTORY: 2018: $2,284,215/$265,756 2019: $2,504,438/$323,557 2020: $2,202,272/$262,036 2021 (projected): $2,486,182/$513,525 4-Year Weighted Sales/SDE: $2,421,049/$400,829 EXPERIENCE/TRAINING: No Experience In This Industry Is Needed. Extensive training and ongoing support provided. Seller will provide training during transition. ************** 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*. All information, data, financials, valuations, appraisals, inventory, FFE/Assets/Inventory, real estate values, etc. must be verified with the seller and buyer's own professional independent advisors, CPA, etc. Buyers should always verify all information with the seller and their own advisors before putting any money at risk. CONTACT US TODAY For the NDA For Details. We will email the short 3-minute online NDA form shortly after we receive your request. Please be sure to check your spam/junk folders also.

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.

Reason for Selling:

Retirement

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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