Privately Owned Cleaning Service with Linen Rental

Barnstable County, MA

Privately Owned Cleaning Service with Linen Rental
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Asking Price: $635,000

Cash Flow: $201,884

Gross Revenue: $1,062,492

EBITDA: N/A

FF&E: $110,570

Inventory: $50,000*

Established: 1988

*not included in asking price.

Privately Owned Cleaning Service with Linen Rental

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Business Description

Exceptional opportunity for an individual or existing company to acquire the assets and perennial profitability of this Market Leader for Residential and Commercial Cleaning. Located on Cape Cod, MA., revenues of over $1 million are derived from cleaning services at seasonal rentals, year-round homeowners, commercial buildings and post construction houses. Additionally, it offers a significant linens rental service and a carpet/upholstery cleaning division. Weekly turnover of seasonal rentals creates unique demand. Active customer-base count is over 1000 and growing with a very high retention rate. For any startup, the cost of entry and maturity time for a similar new business of this size is substantially higher than this Offering.

Detailed Information

Location:
Barnstable County, MA
Inventory:
Not included in asking price
Employees:
3 FT/30 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Offices and storage is conveniently located to the market in a 2000 sf leased strip shopping building with very reasonable rent.
Competition:
Most competition comes from home-based services which can't meet the offering of this subject business. There are a few similar competitors but there's plenty of demand to go around.
Growth & Expansion:
Considerable opportunities in commercial cleaning which are recently being refined. Many more opportunities to capture customers who currently use home based cleaning service which simply can't match the service level offered by this offered business.
Support & Training:
Will train for 4 weeks @ $0 cost. Owner’s duty is managerial from a centrally located administrative office along with a staff of 3 who schedule assignments and crews among the 30+ employees who are dispatched in company branded vehicles to job locations. Management support systems include internal IT, data base of customers, quick books accounting, website, Facebook & Instagram marketing and GPS vehicle tracking. While responsibilities are structured, the business operates on a team concept where personnel willingly overlap responsibilities to pitch-in as needed. The home base office also accommodates the branded vehicle fleet, equipment, supplies and linen storage.
Reason for Selling:
Personal family issue.
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John Dirkmaat

Business Listed By:
John Dirkmaat

Murphy Business & Financial Corporation

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Sponsoring Broker:
Kevin Dougherty

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