Business Overview:
This commercial Janitorial business provides cleaning services for reputable clientele that has multiple locations such as Banks, Hospitals and Manufacturing plants across 4 of the islands. There are over 30 reoccurring contracted clients with long tenure. There is a self-sufficient manager on each island that oversees the staff, over 40 techs, client account relationships and daily operations. That allows the owners to enjoy minimal responsibility simply doing book keeping and payroll which can be completed remotely. The sellers are moving to Kansas for family reasons, and that is the only reason for the sale. They have offered a 6 month to 1 year transition, plus a 12.5% Seller Promissory note as a show of vested interest in the success of the company ongoing. There is an SBA lender that has fully approved this deal structure with the buyer only putting 12.5% down, which will return $279,202 in profits in just the first year alone! There is also over $500,000 in assets for collateral.
Their Green Seal certification ensures the highest quality standards in cleaning practices, instilling a high level of trust between this cleaning business and their repeat clientele. They also have the exclusive license in Hawaii to clean one of America’s most popular drapery brands. Between their Green Seal certification and their drapery cleaning license, they can provide exclusive services that cannot be found anywhere else in Hawaii. A new owner will have the flexibility to continue to run the business as is or expand as desired into the residential sector or to other Hawaiian Islands. Any potential buyer can feel comfortable knowing that the current owner will offer a one-year training/transition period to assist in learning the ropes of contract renewals and management on multiple islands.
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Property Features and Assets:
Assets Included in Purchase: $504,164
Vehicles: $74,300 (several crew vans)
Inventory: $79,877
Equipment: $149,987 (wet/dry vacuums, drying systems, HEPA filters, carpet cleaners, etc.)
Working Capital: $200,000 (AR/AP average)
Profit Margin: 24%
Lease: Kauai (1600 sq/ft office, 1500 sq/ft warehouse), Maui (1500 sq/ft shared office and warehouse), Oahu (240 sq/ft storage space), Molokai (container storage)
Reason for Selling:
Moving to Kansas for Special needs child.
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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