Asking Price:

$195,000

Gross Income:

$325,000

Cash Flow:

$94,600

EBITDA:

$44,600

FF&E:

$175,000.00 *

Inventory:

$15,000.00 **

Real Estate:

N/A

Year Established:

1991

Employees:

6

Business Type:

Miscellaneous Services

** not included in the asking price

* included in the asking price

Business Description

This cleaning/restoration company is a long established business and offers a buyer the opportunity to own a well-respected cleaning company with an existing customer base, well-maintained and organized equipment, and experienced employees.
In addition to regular cleaning, the company provides mold remediation, smoke and soot remediation, emergency water removal, duct cleaning, and full service in-plant rug cleaning. The company has an excellent reputation in the local area.
This company provides cleaning services to industrial, commercial and residential customers. Many engagements are for repeat, scheduled, ongoing customers. Others are occasional, annual, or specialty projects.

This is a well operated business with systems and procedures in place.

The workshop areas and storage areas are clean, organized, and efficient.

Experienced, well-trained staff in place

Well established reputation with numerous repeat customers and contracts.

This business has a proven cash flow and established customer base allowing a new owner to have a dependable, predictable revenue stream, making it attractive for a new entrepreneur or an existing company looking to expand in this geography.

Equipment is well maintained, modern, and well organized.

Expertise and experience in diverse projects: Fire cleanup, flood cleanup, mold remediation, duct cleaning.

Detailed Information

Facilities:

Company leases a 3,360 sf commercial space as a tenant at will for $1500/mo. Rent includes all utilities and taxes. The space offers plenty of room and is perfectly set up for the company s needs: Plenty of industrial shelving racks to store supplies. Hanging racks for cleaning large rugs. Oversize garage door & plenty of room to store vehicles inside. Outdoor space to park the mobile duct cleaning trailer. Adequate office space with two small offices. The space is very well maintained and organized.

Competition:

There is plenty of competition in the cleaning industry. This company is long established and has an excellent reputation. There is less competition in the restoration, duct cleaning, and mold remediation industries. This business has an established base of repeat customers.

Growth/Expansion:

A more proactive owner could do a better job of converting occasional or one-time customers to regularly scheduled, repeat customers. The company does very little advertising and relies primarily on their reputation and word of mouth. A new owner could grow the business with more advertising and exposure.

Support/Training:

Sellers are provide adequate transitional services to a new owner.

Reason Selling:

Other business interests.

Broker Information

Michael F. Coyle, CBI, CExP

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