1360 Buyers Online Now
Buy Business Sell Business Business Brokers My Account
Photos Website Map
Asking Price$199,000
Revenue$304,947 Established1990
Cash Flow$81,968 Employees32 full-time
FF&E$25,000* FranchiseNo
Inventory$1,200* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Excellent business opportunity, owner retiring after many years with this Commercial cleaning company that services Northern NJ & Rockland County, NY with a gross income of $304,947 and a yearly net income of $81,968. This professional cleaning company has a variety of customers, provides commercial cleaning services at competitive rates and no jobs are too big for their staff. Their success is dictated by their commitment to providing quality service, which has earned them a substantial customer base. The company is a fully insured and bonded company that takes pride in customer service. Their services are primarily commercial office cleaning including various types of business cleaning. Additional work such as floor stripping refinishing, construction clean up, window cleaning, light cleaning, carpet cleaning represents an additional and small percentage of their income. The company services: high rise buildings, doctor's offices, schools, pharmaceutical companies, retail stores, churches, new construction, universities, factories, government facilities, and food service locations. Every business is unique and requires individual service and they offer a no Obligation business estimate to explain their different cleaning packages. The company offers a variety of cleaning options and with this they will customize their services to meet the customer’s needs and budget and you simply need to pick the services and frequency of service. The sale includes a fully equipped company including various cleaning equipment that is required for this particular industry and a list of equipment will be supplied upon request. This retail business has two full time and thirty-part time employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll is $19,000. The business is operational six days weekly with specific after work hours so not to interfere with the client’s day to day business operation. This type of industry does not require any specific licenses to conduct business. The business presently has a month to month commercial lease agreement with a monthly rental of $500 and rent security of $500. Based on the asking price, required down payment and net income this business should supply a 33% return to the owner operator prior to debt service. The business gross yearly income is $304,947 and a yearly net income of $81,968 based with an onsite owner and prior to debt service. The business has been valued at $199,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. The sale includes inventory of approximately $1,200 in value. Because the sale of this business is confidential to the employees and public, all viewings are by appointment only and photo may not represent the particular business.
Facilities:The business is located in Passaic County, New Jersey consisting of a small office and a storage area. This type of business requires a minimal space due to the outside services the company provides and is required to conduct. This business is located in Northern New Jersey, Passaic County, however the employees do not come to the business and rather have an assigned daily work schedule at specific business locations.
Competition:This general industry has basic competitors throughout the tri state area and the seller has agreed to supply a long term non compete agreement to the new operator.
Growth Potential:The business has not web site and no marking budget, with a more aggressive advertising plan the company can continue to expand resulting in an improved bottom line to the owner operator.
Training/Support:The seller will remain post closing for thirty days in order to supply an appropriate transitional period.
Seller Financing:Some seller financing is available to qualified buyers.
Sale Reason:The seller is retiring after many years of success in this service industry.
Ad #87104
Seller Reference #SVS279
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com 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. Please read our Terms of Service before responding to any ad on our website.
Contact This Seller
Ron Cervelli
Regal Consulting Corp.
Email Address