Established & Highly-Rated Janitorial Service

Newport News, VA
Newport News City County

Asking Price: Annual Revenue:
$115,000 $337,343

Services: Cleaning

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RE: Established & Highly-Rated Janitorial Service Broker: Dustin Zeher
Owner Financing is Available!
Seller is willing to provide financing based on the final purchase price, terms and qualifications of the buyer.

Quick Facts

Asking Price: $115,000
Annual Revenue: $337,343
Net Profit: Not Disclosed
Cash Flow: $103,476
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 9
BBN Listing #: 97932377
Broker Reference #: HZ479DZ

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Business Overview:

Excellent opportunity to own an established and highly rated janitorial service based in Newport News, Virginia. The business was founded in 2000 and serves clients across Hampton Roads. The owner puts an emphasis on providing high quality cleaning services and building long term relationships with customers. The business currently operates from a leased office space but can easily be relocated within the service area or even potentially be run from a home office.

There are currently about 175 recurring clients and new customers are frequently reaching out to the business. The business is 99% residential service with a couple of commercial accounts. There are currently 9 employees who are divided into 3 teams that work 5 days a week and there are times when they work 6 days a week due to demand. A significant portion of the business comes via referrals and word of mouth. The business has shown growing revenue and cash flow numbers over the last four years and there was no real negative impact to performance of the business due to the pandemic.

After over 20 years of owning and operating the business the owner has decided it’s time to retire. This represents an excellent opportunity to take over a well-run business with a robust customer base. The business has top notch reviews on many popular online review platforms. The Hampton Roads area has seen significant growth over the past 10 years and this trend is forecasted to continue into the future. Don’t miss out on this opportunity and contact us today to learn more!

*Please note, the revenue and cash flow claimed is based on a trailing twelve month (TTM) period from July 2020 through June 2021 which is about a 16.4% increase over the previous TTM and 2020’s performance. We expect this trend to continue for the foreseeable future considering the increase in demand for cleaning services*

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Property Features and Assets:

The business operates out of a 600 square feet office space with storage area, break room and bathroom which is leased for approx. $350/month. The business can be relocated to anywhere in the service area or potentially even run as a home-based business.

Market Competition and Expansion:

Competition: There is standard competition for the industry and area, but this business has been established for over 20 years and maintains a strong position in the market against other independent cleaning service companies as well as franchise brands. Growth & Expansion: There is room to grow and expand the business. A new owner might consider seeking out more commercial, government, or military contracts. It would also probably make sense to implement a modest advertising/marketing campaign to create awareness about the business or have a referral program for existing clients.

Reason for Selling:

Owner is retiring.

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 not a franchise resale opportunity.

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