Profitable House Cleaning Business - Work From Home

Salt Lake City, UT (Salt Lake County)

Profitable House Cleaning Business - Work From Home
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Asking Price: $105,000

Cash Flow: N/A

Gross Revenue: $370,687

EBITDA: $51,751

FF&E: N/A

Inventory: N/A

Rent: $2.50 /Month

Established: 2016

Profitable House Cleaning Business - Work From Home

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Business Description

Full business details available upon request.

This is a residential house cleaning service in Salt Lake City, UT, and this business is built with the ability to scale. Details about the company name and financials will be available upon request.

Salt Lake’s population is growing, new housing is exploding, and the generation is getting younger. The market size for cleaning services is huge, and the biggest local and national competitors are very outdated in their ways. More and more people want on-demand pricing from an online source than ever before. This business is ready to capitalize on this opportunity because it was built for scale since the very beginning.

Most competitors only have a simple brochure website, Facebook page, or a phone number to contact from word of mouth. In 2018, the year of 2-day prime shipping and summoning an Uber from your phone, this business is the modern cleaning service in the Salt Lake Valley. We bring software and modern systems to an outdated industry.

Facts about the business:

* Most of the work that’s actually required of the owner is very minimal. Around 5-10 hours a week are needed to keep up on the owner tasks. 95% of that work can be done remotely as well.

* The biggest benefit about this business is how much of it was built using modern technology and software systems. That is what my background is in. Many tasks have been automated with a system built around it (more details about that below).

* January to October 2018 sales are $141,718, which is a 36.5% increase from the same time period last year. ($103,788).

* Employees get paid a fixed rate between 43-53% of each booking, and 47-57% comes back as gross profit to the business.

* Strictly fixed overhead is around $2,700 a month, with other expenses that are more variable costs.

* 57% of total revenue comes from Recurring customers and the remaining is from One-time cleanings.

* New-hire training is completed online with a password protected internal website training program with quiz.

* 98% of all revenue is processed via credit/debit card.

* We’ve completed over 2600 appointments, and have had 881 customers.

As mentioned earlier, this business was built to scale since the beginning. Systems will not break down when more appointments are added. Here are some things that are automated:

* On average around 30-50 emails are automatically sent out each day for a variety of purposes to customers and staff.

* All staff use a mobile app for their schedules, time clocks, adding comments to a booking, and more.

* Customer appointment reminders are automated for Email and SMS .

* Customer appointment confirmations and payment receipts are all automated.

* Automated feedback surveys to each customer after every appointment.

* Staff schedules are automatically sent out each night in addition to being accessible on a browser or their app.

* HR system for hiring is pretty slick, and it automates a ton of steps for the hiring process including auto-screening of unqualified applicants.

* Online training program includes pictures, videos, and text. This saves a ton of time and it’s an excellent knowledge-base too.

* Software system automates our schedule availability.

* Recurring appointments automatically booked onto the schedule.

* Customers can log into their own account and self-serve their reschedules or appointment adjustments.

Please contact us for more detailed information. We have a digital information packet with more info.

Detailed Information

Real Estate:
Leased
Building SF:
150
Lease Expiration:
N/A
Employees:
10
Facilities:
Assets would include all cleaning supplies, all intangible/digital assets, as well as an additional expensive domain for a future expansion location. We do have an office with very cheap rent. Up to the new owner if they choose to keep it or not. (Home Based)
Competition:
The market is large, with lots of new homes and population increase in the area. No other competitor in Utah has a system set up the way we do that can handle large scale with high tech, well-designed systems.
Growth & Expansion:
First and foremost, the obvious expansion plan is to increase the growth of one-time and recurring customers for the main service of cleaning. There are many other opportunities for growth by diversification of product/service. With a large customer base that pays for a cleaning service, additional services could be added on like carpet cleaning, exterior window washing, and more.
Support & Training:
This business includes gigabytes of over a dozen screen captured narrated videos showing how to run operations online. A base amount of transition training will be included, and any additional training during the transition is up to negotiation with the new buyer.
Reason for Selling:
I am getting involved in another startup.
Home-Based:
This business is Home-Based
Franchise:
This business is an established franchise
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Business Listed By:
Jaron Hall

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