HS Listing ID-70018
Established seasonal exterior cleaning service operating in Connecticut. The business has been in operation for approximately 30 years and primarily provides pressure washing services to residential and commercial customers.
The owner currently handles most of the operational responsibilities including answering calls, scheduling jobs, providing estimates, and completing much of the work himself.
Financial Overview
• Reported Gross Revenue: Approximately $190,000 per year
• Seller’s Discretionary Earnings (SDE): Seller states approximately $100,000 can be shown on paper
• Additional Cash Revenue: Seller indicated approximately $60,000 in unreported cash annually (not used for valuation)
Employees
• Two W-2 field employees currently assist with operations.
• Seller’s wife is on payroll but is not operationally necessary, which may represent a potential add-back for valuation purposes.
Seasonality
The business operates seasonally from November through March. Further clarification is needed to determine whether the business could operate year-round if expanded.
Assets Included in Sale
Estimated asset value: approximately $50,000
Assets include:
• 2006 Ford F-250 truck
• Dually trailer
• Power washing equipment and tools
• Customer database consisting of approximately 700 invoices
Facilities
The business operates out of a rented warehouse space. The seller has indicated that he is willing to introduce the buyer to the landlord for potential continuation of the lease, subject to landlord approval.
Marketing and Operating Expenses
Estimated annual marketing spend is approximately $6,500.
Debt
Seller reports no outstanding business debt.
Seller Financing
The seller has indicated openness to seller financing at approximately 6% interest over a 5-year term, which could improve deal attractiveness to buyers.
Buyer Profile
The most likely buyers include:
• Owner-operators
• Landscaping or exterior service companies
• Facility maintenance companies
• Local service business owners seeking bolt-on acquisitions
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
Ad#:2480380
