Commercial Window Cleaning & Holiday Lighting

West Des Moines, IA
Dallas County

Asking Price: Annual Revenue:
$770,000 $943,240

Services: Cleaning

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RE: Commercial Window Cleaning & Holiday Lighting Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $770,000 10% Buyer Down Payment $77,000 10% Seller Financing $77,000 80% Bank Loan $616,000 A 10% down payment of $77,000 returns $134,622 in the first year after debt payments!

Quick Facts

Asking Price: $770,000
Annual Revenue: $943,240
Net Profit: Not Disclosed
Cash Flow: $370,592
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1984
Employees: 8
BBN Listing #: 39634398
Broker Reference #: TRA030

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Business Overview:

With over 1,000 clients and nearly $1M in revenue, this specialty exterior window cleaning and building maintenance company is in a prime position for growth! Services for this Central Iowa business include window cleaning, high-rise window cleaning, custom holiday lighting design, hanging & takedown, graffiti removal, pressure washing, brick sealant, commercial garage floor cleaning and line striping, caulking, light bulb changing, hard water removal from glass & brick, and brass & stainless polishing/cleaning. Holiday lighting services were added 10 years ago and continues to bring in well over $100k per year in revenue; 50 new clients were added in 2020 alone. They have a strong recurring client base, with 75% of their projects comprised of maintenance or repetitive work. Their highly skilled and long-tenured workforce includes full-time and part-time W2 employees, all flexible and capable of performing any job request. Part-time seasonal employees are hired during the busy seasons (spring & fall), as those months tend to add 20% more to the normal workload, and part-time employees are also hired in the winter to assist with holiday lighting services.

The company uses a small warehouse space (a building owned by the business owner) for equipment; the owner leases the building to the company. However, this space is much larger than what is needed for the company to run successfully; the workspace needed for a new owner is very flexible. The team would need enough parking for themselves and work vehicles (with costs around $50 for each spot per month), and a relatively small space would be needed to store equipment.

Priced at $770,000, a 10% down payment of $77,000 returns $134,622 in the first year after debt payments – a 175% return on investment! With a strong recurring client base already established and the capability of working at height, there is ample opportunity for growth. Expanding the service area to include a more regional customer base, taking on more projects in the residential market, add additional building maintenance services, and increasing the marketing efforts for certain services such as tuckpointing & caulking sealant, would be great opportunities to boost revenue.

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Market Competition and Expansion:

Growth Opportunities: Expand the service area, expand more into residential market, add additional building maintenance services, increase tuckpointing & caulking services.

Reason for Selling:

Relocating; approaching 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 not a franchise resale opportunity.

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