Industry Leading Full-Service Custodial

Chicago, IL (Cook County)

Seller Financing Available
Industry Leading Full-Service Custodial
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Asking Price: $747,000

Cash Flow: $213,480

Gross Revenue: $840,102

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2009

Industry Leading Full-Service Custodial

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Business Description

This full service custodial and cleaning company specializes in residential property preservation, lawn care and snow removal. Clients include well-known large commercial clients, private property owners and universities. Offering a multitude of services, this business is an industry leader in maintenance services available to the greater Chicago area.

Property preservation surveyors can satisfy any handyman need for rental and multi-family units. Offering trusted home inspections, rehab specialists can customize home remodels. Interior services include plumbing, HVAC, electrical, water heaters and fire safety. Exterior services include walls, foundations, roofs, garages and grading. This business also specializes in heated power washing for degreasing of driveways, commercial buildings, graffiti removal and siding mold removal. As a leading floor care specialist, they service all flooring types, and also provide carpet cleaning with green cleaning products.

The personalized service approach provided to each business to business client is unmatched in the area. The contracted employees have been with the company over six years, and practically manage themselves. The current owner provides general oversight.

List Price: $747,000
Gross Sales
2018: $840,102
2017: $833,334
Owner Profit/Cash Flow
2018: $213,480
Profit Margin: 25%
Multiple: 3.5 *Multiples range from 1-5, the average being 3
Valuation: 2018 Cash Flow x Multiple = Valuation
$213,480 x 3.5 = $747,180

Assets Included in Purchase*:
Equipment: (2) Scrubbers; (3) Low Speed Buffer/scrubbers; (3) High Speed Buffers; (2) Commercial Mowers; (3) Trimmers; (3) Blowers
Vehicles: (2) Commercial 2500 Ford Vans; (2) Ford Expedition XLT Trucks

*amounts may vary

Attached Documents


Detailed Information

Location:
Chicago, IL
Employees:
9
Facilities:
Lease: Storage only, no office; New owner would want to consider the consolidation of facilities to store all equipment in one location The Firm Business Brokerage is not a real estate brokerage and therefore the staff will not handle any aspect of the lease, sale or purchase of real estate.
Competition:
Service Area: Servicing surrounding counties in Illinois and Indiana within a 35-mile radius Number of Clients: 15 large commercial clients, 10 private property clients, city contracts, universities, and multiple residential clients Services: Full service custodial and cleaning services
Growth & Expansion:
Growth Opportunities: Grow revenue by increasing number of bids and contracting out more employees
Financing:
12.5% Seller Financing
Support & Training:
Seller Training Period: 3 months Current Owner’s Responsibilities: General oversight and management
Reason for Selling:
Retirement planning
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(from currently available funds)
 
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Cortney Sells

Business Listed By:
Cortney Sells

The Firm

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