Asking price: £52,500

Sales revenue: £58,292

Net profit: £17,147

Fixtures value: Undisclosed

Stock value: £500

Business description
Business Details
The particular highlights of the business are:
• Ideally located and easily re-located concern offering excellent lifestyle.
• A well established business.
• Good loyal clientele.
• Turnover in excess of £58,292 with a net profit of £17,147. (See financial summary below). This is very impressive considering the credit crunch.
• A business with great potential which has not been exploited because the vendor wants to explore a new business opportunity.
• An easily run operation.
• Good loyal well trained staff.
• A good first time buyers business.

Phoenix Business Transfer Agents are delighted to place onto the market this easily relocatable cleaning business which has been established since 1995. The business has been in the hands of the current owner since it was started and they now wish to sell as they are looking to exploit a new business opportunity.

This very good business opportunity provides cleaning services for offices, nursery's and industrial estates etc.

The concern employs 5 part-time staff members who are all currently being paid minimum wage.

The owners’ role is reasonably hands on and he works part time.

The owner markets the business through word of mouth.

As far as competition is concerned there are a few other cleaning services in the area, all offering similar services. The national companies charge higher prices for these services compared to the subject business however; the subject business is competitively prices compared to similar sized local services.

The client base consists of all types of people or businesses with a cleaning need, currently in the locality.


The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include weekends.
• Increasing the product line to include domestic, external, window and; carpet and upholstery cleaning
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
• Expand into surrounding locations.

The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Financial Details
The turnover for 2008 was £58,292 with a gross profit of £55,929 and a net profit of £17,147. The wages are £26,830 for this year. The present value of the stock is £500. The potential turnover of the business within the next 2 years is forecast to reach in excess of £100,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.

Years established: 14 years

Employees: 5 part-time staff members who are all currently being paid minimum wage.

Trading hours: The business operates from Monday to Friday between 6:00am and 8:00am and 5:15pm and 9:00pm.

Home based: This business can be run from home.

Relocatable: This business can be relocated.

Location
This superb business opportunity is currently situated in the town of Skegness in the County of Lincolnshire .Busy industrial estates and offices are nearby.

The location is well linked with the A16 North towards Grimsby and South towards Peterborough and; the A158 West towards Lincoln. The Skegness railway station is also close by. The business has clientele from a 30 mile radius. The locale offers a good lifestyle opportunity.

Expansion potential
The concern has huge potential. In particular the turnover and profits can be increased by: • Increasing the marketing activity with direct mailings and local and internet advertising. • Increasing the opening hours to include weekends. • Increasing the product line to include domestic, external, window and; carpet and upholstery cleaning • Working more hands on hours and saving on wages. • With the introduction of a website and e-commerce. • Expand into surrounding locations.

Competition / Market
As far as competition is concerned there are a few other cleaning services in the area, all offering similar services. The national companies charge higher prices for these services compared to the subject business however; the subject business is competitively prices compared to similar sized local services.

Support & training
The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Reasons for selling
Owner wishes to sell as they are looking to exploit new business opportunities.