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Very Profitable Commercial Cleaning Business Covering 4 States!!!

Fredericksburg, VA (Spotsylvania County)

Seller Financing Available
Commercial Cleaning Services
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Asking Price: $1,500,000

Cash Flow: $432,119

Gross Revenue: $2,548,277

EBITDA: N/A

FF&E: $85,000

Inventory: $5,000

Established: 2005

Very Profitable Commercial Cleaning Business Covering 4 States!!!

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Business Description

Great Cashflow - Rapidly Growing Business - Huge Potential

Key Investment Considerations:

• $2,548,277 Gross Revenue in 2018 and tracking for over $3.5MM in 2019.
• $432,119 in Seller Discretionary Earning in 2018 & tracking for $530K in 2019
• 580 commercial accounts as of May, 2019 and still growing
• Current business model is owner/operator, home based and relocatable.
• Daily Office Cleaning - Window Cleaning - Carpet Cleaning Maintenance - Hard Floors Maintenance, including Vinyl & Terrazzo - Blind Cleaning - Kitchen Deep Cleaning of Restroom Fixtures - Strip and Waxing of Floors - Supply Hand Towels, Toilet Tissue, Air Fresheners and Hand Soap Well established and been very successful for 14 years
• Minimum Advertising, only through simple website, word of mouth and great reputation.
• Extensive service area including Virginia, Washington D.C., Maryland & Pennsylvania
• Simple business models
• Additional corporate accounts are being added on a continuous basis
• 75% of business accounts including 4 major contractors are established with relationship over 10 years and still growing. This portion of income is very reliable and monthly billing of over $300K currently.
• 25% of business are through individual work orders
• Billing and Account Receivables are usually 30 days cycle.
• Working capital requirement is $300,000 on a monthly basis

BACKGROUND

This Central Virginia based commercial cleaning company is dedicated to providing a personalized tailored service for customers through its expertise. It is able to supply a stable, productive work force and the highest quality cleaning services in the building maintenance industry. This business has been in service for 14 years. It is a well-established and successful company with excellent customer base with over 580 accounts and still growing. It provides extensive and complete service including daily office cleaning, window cleaning, carpet cleaning maintenance and more. The success of this business is driven by not only its wide range of building maintenance services, but also its competitive pricing, personalized service, dedicated and knowledgeable staff, single source facility, quality management and strong cash flow.

Detailed Information

Location:
Fredericksburg, VA
Inventory:
Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
1000000.00
Support & Training:
8 weeks
Reason for Selling:
retiring
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Carven Cheung

Business Listed By:
Carven Cheung

Transworld Business Advisors

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Sponsoring Broker:
Steve Sigman

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