Commercial Janitorial And Carpet Cleaning Business
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $560092
Net Profit / Cash Flow $131442
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2002
Number of Employees 20 - 34
Inventory 23500
Relocatable Yes
Number of Employees 20 - 34
Real Estate Leased
Training 2 weeks at 40 hours per week.
Reason for Sale Relocating out of state.
Description This Sole Proprietorship is owned by a husband and wife team. This home-based business is in Menifee, and is easily relocatable. The company, formed in 2002, was acquired by the sellers July 2007, and provides janitorial and carpet cleaning services for commercial and residential customers. The business is for sale as the owners want to return to their home state of Washington.
The company mostly serves commercial clients, who comprise roughly 95% of their clientele. They have carved a niche by serving homeowners associations, such as 55+ senior living communities, with common areas that require janitorial services, such as clubhouses.
Business is going strong as sales and profits are ahead of 2008 results. There are two opportunities for growth. The first is to create and optimize a website. The second is to pursue commercial landscaping business as a result of their strong relationship with management companies and homeowners associations.
On a proforma basis, the company's sales and SDE are ahead of 2008 results. This does not include two significant customers the business just added. Sales will top $500,000 for the second consecutive year, and SDE is forecasted to be over $130,000.
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