Charlotte Metro Profitable, Independent Comm Janitorial Service Biz

Mecklenburg County, NC

Excellent Reputation and Quality Janitorial Service

Asking Price:$620,000

Cash Flow:$388,000

Gross Revenue:$1,035,400

EBITDA:$388,000

FF&E:$15,000

Inventory:$300

Rate/Sq. Ft.:N/A

Established:2011

Charlotte Metro Profitable, Independent Comm Janitorial Service Biz

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Business Description

Revenue # thru Sept; great Cash Flow. SBA Lending

Established +5 years, this Business serves clients that have a vested interest in the appearance and cleanliness of their facility and/or the health of their employees and visitors. Profits consistently range up to 50% of revenue, depending upon client base/services requested. With little major competition, this Business does extremely well in and around the Charlotte area serving commercial clients in a niche arena. Year over year strong revenues have been achieved as a result of effective training /coaching; lower employee turnover compared to industry is a plus. This business comes with all of the necessary equipment to operate successfully. Well-written policies and procedures in place will assist the buyer in the transition. Multiple revenue streams have existed over the past few years.
Figures above represent only 9 months revenues/EBITDA through 9.30.16.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
20
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The main office is at a centrally located facility with approximately 1,100 square feet, but expandable depending on buyer’s needs with various negotiable lease options available. Alternatively, Buyer may choose to relocate the office. Equipment and supplies are located at various customers’ office buildings.
Competition:
The business is one of only a few cleaning services in Charlotte to be recognized for practicing environmentally sound purchasing and chemical selections since their inception. The majority of their products meets or exceeds Environmental Protection Agency guidelines for post consumer content. They are fully committed to creating a cleaner environment for everyone. Current client focus is mid- size & large- size facilities. Since this Business is not a franchise, client service can be catered to reach excellent standards.
Growth & Expansion:
Hiring an additional person to respond to the plethora of daily bid requests (website) would yield more revenue. Seller explains there is so much work and so little quality competition that a new buyer can jump on it in a heartbeat.
Support & Training:
The Business owner will provide 4 weeks of training immediately after closing and beyond that will consider a mutually acceptable consulting agreement.
Reason for Selling:
Now that biz has grown to mid-sized; owner will again create/build new venture.

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Diana L. Miles, C.B.I., A.B.I., M.B.A.

Business Listed By:
Diana L. Miles, C.B.I., A.B.I., M.B.A.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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