Profitable Cleaning and Maintenance Company for Sale

Toledo, OH (Lucas County)

Seller Financing Available
Profitable Cleaning and Maintenance Company for Sale

Asking Price:$409,000

Cash Flow:$170,000

Gross Revenue:$360,000

EBITDA:$170,000

FF&E:$5,000

Inventory:$8,000

Rate/Sq. Ft.:$4.00

Established:2013

Profitable Cleaning and Maintenance Company for Sale

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Business Description

This business represents a rare opportunity for a new owner to have a fast growing and profitable business with unlimited potential for growth! The business was just started in 2013 and from 2013 through 2015, revenues grew over 600% and are still growing rapidly. Sales for 2016 are tracking towards $425,000 and cash flow is estimated to be roughly $225,000. Interested parties need to act quickly as this business will not be on the market for long!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
2,500
Lease Expiration:
2/28/2017
Employees:
10 part time
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business occupies a leased office and work area with a total of 2,500 sq. ft. The premises have 3 offices, a reception room, kitchen and break area, restrooms and a small shop or storage area. The rental is $835 per month and the lease has roughly 5 months left but is renewable.
Competition:
There is competition in the area. However, the high level of customer service and quality of services provided set this business apart from its competitors.
Growth & Expansion:
This full service cleaning company specializes in apartment complexes. Just in the greater Toledo area there are over 200 medium to large apartment complexes. Currently, the business has 63 customers located in the northern Ohio and southern Michigan areas. The primary customers range from apartment complexes with 30 units up to 800 units. Besides cleaning services, the business also offers painting and landscaping services. There is unlimited potential for growth as long as service levels remain high.The business could add other services such as pest control to augment sales and profits.
Financing:
Negotiable
Support & Training:
The Seller will work with a new owner for a reasonable amount of time to allow for a smooth transition.
Reason for Selling:
Seller has other businesses that require his attention

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Thomas Holmes

Business Listed By:
Thomas Holmes

Berkshire Hathaway HomeServices Professional Realty

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Sponsoring Broker:
David Mussari

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