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Asking Price$699,995
Revenue$1,033,602 Established1985
Cash Flow$342,281 Employees14 full, 11 part
FF&E$74,000* FranchiseNo
Inventory$1,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
For over 30 years this independent cleaning service has built its reputation on offering exceptional, reliable and secure residential and commercial cleaning services to the D.C., Maryland and Virginia area. Services include: corporate apartment cleaning, move-in and move-out turnovers, post construction cleaning, as well as its most popular service commercial and residential cleaning on a daily, weekly, bi-weekly or monthly schedule. Currently, the business is absentee managed with a General Manager reports to the business owner while they oversee a stable staff of professional, bonded and insured maids, porters and drivers. A new owner can take the same absentee approach or be a hands on owner operator to benefit from the great cash flow the business produces. The business has been highly rated by the consumer magazine Washington Checkbook, has an A+ rating from the Better Business Bureau, and received favorable reviews from The Washington Post and Washingtonian Magazine. A majority of the current business comes from the company’s long standing in the industry with repeat business and referrals. The company has vehicles and employs approx. 23 cleaners that currently clean approximately 250 houses a week. This is a perfect opportunity for someone looking to own and operate the business or for an existing cleaning service looking to expand. The owner is motivated to sell this easy to run, lucrative business, and says bring all reasonable offers. This business won’t last long at this great price so contact us today!
Facilities:The business currently operates from an 869 sq ft. space that has been recently renovated with 2 private offices, a conference room and open area located on a major thoroughfare with access to major routes to allow them to efficiently serve their customers.
Competition:There is standard competition in the marketplace for cleaning services. Some would say the company’s competition would be the major cleaning service franchises, but the owner doesn’t really consider them competition as this company has a very stable, loyal client base with extremely low attrition. Since this business is independently owned and operated they have the ability to make decisions faster and be more competitive with their pricing to better serve their customers while not compromising the services provided. There are no royalty fees to be paid making this a better investment for a buyer as all the money stays within the company.
Growth Potential:This is an extremely stable company that has been able to keep their employees with good wages and benefits and their clients with a reliable staff, competitive rates and excellent customer service. It has seen solid growth, but there are several opportunities for continued expansion. There is no current marketing or advertising campaign in place, so a new owner should implement an online marketing campaign and a direct mail campaign to target residential customers. A new owner could expand the business by marketing to more commercial clients and could see revenue growth by $500K in less than 5 years with a new system in place.
Training/Support:Seller will provide necessary training and support.
Seller Financing:Available depending on the final purchase price, terms, and qualifications of the buyer.
Sale Reason:Retirement.
Ad #88222
Seller Reference #HZ272DZ
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Horizon Business Brokers, LLC
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