Attractive Janitorial Business W/Recurring Revenue

Business Overview:

This janitorial business boasts a highly attractive book 50 homeowner’s associations (HOA) clients managed by 15 management companies.  The firm primarily provides day porter services as well as clubhouse, fitness center, and pool area cleaning.  Though the contracts have a 30 day termination clause, which tends to be industry standard, the mature relationships are deemed to be secure.  The company has an experienced supervisor and seasoned staff, in addition to a vehicle.  Staff work 7 days per week, with 3 team members dedicated to the largest HOA client. 

Due to the company’s infrastructure being split between two separate business divisions, the seller only views this as an opportunity for an established and ongoing maintenance company that wishes to enter a new market segment (i.e. HOAs) and walk-into a coveted book of clients.  It is neither positioned, nor intended to be a sale as a stand-alone entity.

It is recommended that a potential buyer look at the top line revenue, and some of the key COGs data, and determine what the underlying gross and net profit would be under their enterprise’s structure.  The seller will not meet or transact with a party that does not have an existing, ongoing complementary maintenance-related operation already in place.

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Property Features and Assets:

The company has historically leased for $3,200 per month including common area maintenance (CAM), however, it is not expected to transfer in a sale. Rather, it is assumed that the buyer will be an established operator that can absorb the operation’s fixed overhead expenses.   All of the janitorial company’s furniture, fixtures, equipment, and goodwill will be included in the sale.

Market Competition and Expansion:

This janitorial service operates in a competitive market filled with both independent cleaners and larger commercial cleaning companies that offer similar core services. While many competitors compete on price, this operation focuses on high-volume contracts and a personalized touch, which sets them apart. 

New management with an existing janitorial operation stands to add a steady revenue stream to their existing client base.  They can add additional services per client’s needs, or capitalize on this firm’s HOA client base to expand within this coveted client segment. 

Reason for Selling:

Personal. Kindly ask the seller for more information.

Additional Details:

Documents:

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