Instant $175k In Equity!*Top Location Being Sacrificed!

Mays Landing, NJ (Atlantic County)

Instant $175k In Equity!*Top Location Being Sacrificed!
Contact Seller

Asking Price: $75,000

Cash Flow: $60,000

Gross Revenue: $852,900

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Instant $175k In Equity!*Top Location Being Sacrificed!

Save Print Share Valuation Report

Business Description

Established Clients/Accounts & Staff/Cleaning Teams.

TOP HOME CLEANING FRANCHISE TO BE SACRIFICED. These deals don’t come around very often! Walk into *approx. $175k in built in equity for $75,000!! In other words… you can buy this business today, run it properly for about a year and turn around and resell it for about $250,000!* In fact, if we lived closer to the location we would buy it ourselves and do exactly that!! How do we know this? Answer: we are selling another location in a different area with almost the identical sales where the seller is taking home about $170,000. A business with those earnings would typically have a sale price of around $395k (about a 2.33 multiple). To be conservative we used $250k as a likely sale price. Later on in the process we can supply other financials to show you the $170k earnings from the other location we just mentioned.

On THIS listing, the seller’s health is driving the sale and for that reason the business is way over staffed AND the marketing dollars being spent have NOT been managed properly which has led to a massive waste of thousands of dollars, leads, customers, sales, cash flow. Even with the seller's health issues the business is still running pretty well and sales are actually up slightly vs last year to the end of June. 2018 YTD to June $413,245 vs 2019 YTD to the end of June at $424,046. Location has approximately 400 clients!!!! Just about Anyone with a little bit of management experience could make themselves $100k or more in your first year*.

Important: Buyer will need about $40k to $50k in working capital at your disposal to make sure you can drive sales properly. Additionally, your net worth should be around $250,000. Please note we won’t respond to any buyers who don’t have at least $115k liquid as we couldn’t get you approved by the franchisor without at least that much.

*As to the projections above, don’t take our word for it. Look this deal over, have your attorney and accountant look over the numbers and the deal and I think you’ll come to the same conclusions. DO NOT risk any money until your own advisors have reviewed this deal.**All information, data, financials, valuations, appraisals, real estate values, etc. must be verified with the seller and buyer's own professional independent advisors, CPA, etc.

Confidential Sale. Non-Disclosure Agreement(NDA) Required.

CONTACT US TODAY FOR THE ONLINE-NDA. Watch for our email in your in-box just a few minutes after you inquire - Be sure to check your spam/junk folders. We will contact you once we have your NDA.

Detailed Information

Location:
Mays Landing, NJ
Employees:
23
Facilities:
Well-established, equipment, trained staff, seasoned quality cleaning teams.
Competition:
*This is a recurring cash-based business – No accounts receivable and No inventory! *The business has a high customer retention rate that keeps you from chasing new customers. *The Monday-Friday 8-5 p.m. work week makes this the perfect lifestyle business that let's you have your weekends and holidays to yourself and for your family. *The business model is turn-key and simple and has been honed and perfected for years, with attractive return on effort, family-friendly working hours, a network of hundreds of peers, and repeat customers who generate multiple recurring revenue streams.
Growth & Expansion:
Implement aggressive marketing/advertising. Build community relationships. Follow franchisor's system. Diversify services. Implement quality control and management of staff.
Support & Training:
NO EXPERIENCE IN THIS INDUSTRY NEEDED. Extensive training provided. Ongoing support provided.
Contact Seller

Contact the Seller

Contact Seller Loading

Contact US-Today

Business Listed By:
Patrick Sherman

Blue Stone Business Group

Show Phone Number

View My Listings

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1672008 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Home Cleaning Centers of America

Franchise Opportunity
Cash Required: 40000