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Commercial Cleaning Company

9/wk
Passaic County, New Jersey, United States
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Asking Price$175,000
Revenue$346,000 Established2014
Cash Flow$73,708 Employees12 part-time
FF&E$25,000* FranchiseNo
Inventory$1,500* 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 New Jersey & Rockland County, New York with a gross income of $346,000 and a yearly net income of $73,708. This professional cleaning company has a variety of retail 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 cleaning company that takes pride in customer service. Their services are primarily commercial cleaning, non-retail, which includes 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, day care centers, fitness centers, small 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 company’s fixed assets has an estimated value of approximately $25,000 which is based on the existing equipment and licensing replacement cost. This transaction consists of a fully equipped commercial cleaning company, which includes cleaning equipment, accounting system, including a leased van which is not included in the sale. This retail business has approximately twelve-part time employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll is approximately $15,200. The business is operational five to 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 other than the required municipal licenses. The business presently functions out of the owner’s private home office, and can be relocated anywhere the new operator desires. Based on the asking price, required down payment and net income this business should supply a consistent return on investment to the owner operator prior to debt service. 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 company’s office is in Northern, New Jersey consisting of a small office and a storage area in the owner’s home base, however it can be relocated anywhere. This type of business requires a minimal space due to the outside services the company provides. The employees live near to the job sits they are scheduled to maintain.
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 no 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:Seller financing is available to qualified buyers.
Sale Reason:The seller is retiring after many years of success in this service industry.
Ad #96368
Seller Reference #SVS334
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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