Sold Niche Commercial Cleaning Business For Sale

Business description

Available for acquisition is a large-scale, independently-owned commercial cleaning business specializing exclusively in apartment turnover and common area cleaning for large apartment complexes throughout Southeast Michigan. This is a recession-resistant, specialized business with high profit margins, low overhead, experienced staff in place, and opportunities for rapid growth. Although the business is young, it’s already recognized as the leading provider of cleaning services in this very niche market. Its customer base continues to grow month after month with extremely high retention rate!
There are approximately 40 part time employees, 2 operations managers, 2 field supervisors and an office manager handling day to day activities. All employees are provided with uniforms, equipment, and supplies, but use their own vehicles to get to/from the job sites. There is no significant equipment involved in this business and it could be run from anywhere within the service area.
Partners have never done any actual cleaning, and their own role in the company has become pretty hands-off as the operations managers have direct responsibility for staffing, training, scheduling, and managing the cleaning staff. Unlike most contractor businesses, the business is not dependent on relationships between the owner and the customers. The company is well organized with very detailed records, an ongoing flow of business from over 100 properties. Professional website, marketing materials, clients’ database, all equipment and inventory are included with the sale.
This would be a great business for a number of different owner types, both hands-off and hands-on. Perfect for a family, someone with sales and marketing skills, or anyone with a general business background. Very easy business to learn quickly.
This business is priced aggressively at just above 1.5 times cash flow and will sell quickly! This is an EXCELLENT return on investment! More information will be provided with signed Non-Disclosure agreement. All buyers must show financial capability!

Property information

Real Estate:

Lease

Premises details:

Business leases 1,180 sq. ft. suite at $500.00 per month for the corporate office on a month to month basis. There is also a 480 sq. ft. satellite office in place at $320.00 per month due to expire in Jan. 2012.

Business Operation

Expansion potential:

For a hands-on owner with active involvement in day-to-day operations, this business could produce substantially more profit from existing sales. For a growth-minded, executive-type owner, this unique business could rapidly transition into a large, branch-based operation with offices throughout the state. Since inception, revenues have continually grown even with very little marketing effort.

Competition / Market:

This is a very niche service provider with little competition from established companies. Most competitors are "mom and pop" operations that cannot offer the professional image, man-power, organization, flexibility, and responsiveness that this business offers as a large company. Additionally, there's huge demand for this service and the market is massive. In the Detroit Metro Area alone, there are currently 255,000 apartment units, roughly 50% of which require turnover cleaning each year.

Reasons for selling:

Other business venture

Employees:

40 Part time / 5 Full time

Years established:

2010

Other information

Support & training:

Owners are willing to stay on for 2 months to train and insure smooth transition. After that, they will remain accessible as advisors.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller financing is available to a well-qualified buyer with $150K down.

Furniture / Fixtures value:

$9,000 (included in the asking price)

Inventory / Stock value:

$7,683 (included in the asking price)

Relocatable:

This business can be relocated.