MergerPlace

Pressure Washing Business

Florida (Leon)


  • Asking Price: $795,000
  • Gross Income: $906,832
  • Cash Flow: $258,808
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $107,575
  • Listing ID: #225396
  • Established: 2009
  • Employees: 6 FT / 1 PT

Business Description

Tallahassee Commercial Pressure Washing Business For Sale. Solid business with everything in place for new owner. Owners have developed a wonderful reputation and a very profitable book of business, steady referrals and repeat customers. Several attractive contracts in place.

This cleaning company was created in late 2009 out of necessity as it was the era of the “Great Recession,” and the owner’s career as a real estate developer had ended. Nevertheless, the owner of this company purchased used equipment and began knocking on doors and asking homeowner’s and businesses if he could pressure wash their driveways!

By year number 3 in business, the company had reached a respectable level of success, and the owner’s wife joined the company as a 50% partner making it truly a family business. At this point, coming out of the Great Recession, the business began taking off and annual revenues exceeded $300K for the first time.

With the new partner spearheading and grooming the commercial book of business, the company became the premier leader in the Tallahassee market in a big way! This “little firm” took great pride in their on-going relationships and client retention, and they made many life-long customers along the way. This particular market segment has proven to be extraordinarily profitable, and it is safe to say has played a big part in making this company an indisputable leader in the Tallahassee market.


Business Details

Primary Business Category: Services - Other Services
Location: Florida
County: Leon

Company Information

Year Established: 2009
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 6 FT / 1 PT

Financial Information

Asking Price: $795,000
Gross Revenue: $906,832
Cash Flow: $258,808
FF&E: $107,575
Inventory: $5,000
Seller Financing Available: No

Property Information

Facilities:

The office is located in a plaza on the northeast area of Tallahassee Florida, convenient to major market sectors (East-side, Southwood, North Side, and Downtown/Colleges.) Additionally, this office is located on a newly refurbished roadway that provides multiple access points to major arteries. The gross square footage of the office and warehouse is approximately 3325; and is under lease until November 30, 2022. The office space has a small kitchenette area, conference room, and restroom. This business has excellent phone & cable service and all 4 office workstations have access to high-speed internet. In the shop/bay portion of the warehouse there is room for up to five vehicles which provides secure storage and keeps the equipment out of the elements. There is ample space for chemical storage, work-bench areas, and additional storage on adjustable racking systems throughout the warehouse. The warehouse is outfitted with running hot and cold water and ice maker. Additionally, there are two roll-up bay doors and a separate steel entrance door that provide access to the rear of the shop. Doors are outfitted with deadbolts as well as keyless entry locks, and management areas are segregated via locking system from technician areas (laborers do not have access to the main office). On the rear of the building there is secure fenced outdoor storage for equipment and/or chemicals. There is ample employee parking at the complex, including spaces in both the front and rear of building.

Growth & expansion opportunities:

There are several sectors in this local/regional marketplace that have room for growth. In 2016 this firm sold their hood cleaning division and scaled back greatly on their nighttime crew work which focused on dumpster pads, restaurant drive-throughs, and service work for the food industry. Typically speaking these kinds of accounts and the jobs they involve are done during the overnight hours. This is a sector that they really have not gone after and tried to expand since moving away for nighttime work. The business has purposefully pulled back in this area; however, this is a steady market with a steady need. A new owner could easily keep one, if not two trucks busy focusing on nighttime style accounts. It’s a little harder work, but it would be steady income and an additional profit center. Service Stations, Fuel Stations: This firm maintains good relationships with several fuel distributors in the Tallahassee area and they consistently wash gas station canopies and/or fuel pads for them now on an as needed basis. Because they made a conscious decision to stop having a full nighttime crew, they have not tried to expand this market at all. However pre-2017 they had several fuel stations that were on quarterly maintenance and they did extensive washings at night for them. This is a market sector that could be easily be revitalized, as there is not a Tallahassee based company going after this market. Bedroom Communities Outside Tallahassee Area: Commercial and Residential opportunities also exist in the outlying bedroom communities and neighboring areas. This company often gets calls for servicing in Bainbridge, Donaldsonville, Thomasville, and even Valdosta which are in Georgia. Frequently, the seller refers these customers out as they are already maintaining 2 to 4 week (And occasionally up to six weeks at times throughout the year) full schedule bookings. Shopping Centers: The seller has also scaled back on overnight work at a local/ regional shopping centers as well. This is a market segment that is virtually untapped ever since they stopped running nighttime crews, on a regular basis. Between their regional footprint, stellar reputation, and extensive marketing they are a very well-known commodity in the commercial/maintenance cleaning arena. It would be extremely viable to add on an exclusive night crew with minimal marketing and revive these various market sectors which could gross between $175,000-$225,000 per year on a commercial truck. Christmas Lights: This business has marketing materials and a small stock of Christmas lights for installation for customers’ homes. They offered this service in 2016-2018 but were honestly so overwhelmed with their regular cleaning business that they just did not try and expand this market sector. It became more of an imposition to their regularly scheduled business, so they phased out of this service. With a full time, seasonal dedicated truck, this is a market that could easy be developed into a $75,000K to $150,000K seasonal business.

Competition:

In market position, this firm is easily number one among all the competitors in Tallahassee. They are the only cleaning company that runs multiple service trucks in the area. A quick scan of Google shows this company to have over 120 online reviews, with a 4.9 average rating, and the closest competitor has only 60 reviews in this market. Additionally, they have more Facebook, Yelp, and other online reviews than any of their competitors. They really own the technology market space as well. They rank very high organically in all internet searches related to the pressure washing industry in this region and they have a few “specialties” areas such as steeple cleaning where they rank very high nationally as well. As far as online presence is concerned, they own the “OURCOMPANY.com and OUR-COMPANY.com domains as well as a couple other dozen industry specific domains that are forwarded to their main website, all of which help them dominate the technical side of the market! This firm has also set themselves apart as the most knowledgeable experts in the area. It is not rare at all for competition to refer business to them when they feel uncomfortable or unknowledgeable enough to tackle themselves. They are actually very proud of the relationships that they maintain with most of their competition. Competitors, Realtors, and customers have provided an excellent source of referral business for this firm.

Reason for selling:

The sellers plan to explore new opportunities.

Support & Training:

Will train for 4 weeks @ no cost The company offers power washing, soft washing, and roof cleaning services to a variety of commercial and residential customers in the Tallahassee/Big Bend/South Georgia markets. Additionally, they offer specialty services such as TPO roof cleaning, graffiti removal, emergency clean-up, and window cleaning, as well as other services. The company’s business success has steadily grown each year as their service market share, superior customer service, and very positive reputation has certainly made them unique in the Tallahassee area market. This is very evident in firm’s solid Google reviews, extensive library of client recommendation letters, their rating in SunBiz, Yelp and particularly in their extensive “Book of Business…”

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Business Listed By:

John Kraft

Murphy Business Brokers