MergerPlace

Residential Cleaning Company

Illinois


  • Asking Price: $169,000
  • Gross Income: $326,936
  • Cash Flow: $1,221,915
  • Real Estate: Not Disclosed
  • Inventory: $500
  • FF&E: $19,314
  • Listing ID: #216680
  • Established: 1998
  • Employees: 11 PT

Business Description

The company is home-based with work performed at client's residences. The company performs residential cleaning activities including dusting, vacuuming, occasional indoor window washing and other activities associated with the cleaning of a residence.

The company has a reputation for excellent levels of quality service. The current owner accompanies new hires for training and consist level of service purposes. The owner is willing to stay on for a period of time post-sale to assure a seamless transfer of the current client list, to help new management retain current employees and to assist new management to insure current levels of service are maintained.


Business Details

Primary Business Category: Services - Other Services
Location: Illinois

Company Information

Year Established: 1998
Home Based: Yes
Franchise: No
Relocatable: Yes
Number of Employees: 11 PT

Financial Information

Asking Price: $169,000
Gross Revenue: $326,936
Cash Flow: $1,221,915
FF&E: $19,314
Inventory: $500
Seller Financing Available: No

Property Information

Facilities:

This company is home-based for activities such as scheduling new clients, scheduling the employees and storage of some cleaning utensils and products. Services are performed in the client's residence. The client normally provides their own cleaning fluids and equipment.

Growth & expansion opportunities:

This market is under served regarding this type of personal service. As discretionary earnings increase, the market continues to develop with higher demand for residential cleaning services. The company is located in a fast-growing area of the Chicago region regarding the building of new homes. The combination of new home building and expanding existent client base generates an increased need for this service.

Competition:

This is a fragmented industry with multiple small operators and a limited amount of franchised companies. Competition in the residential cleaning market is based on reliability of service and service quality. The majority of new business development is from word-of-mouth referrals which are the result of the high quality service delivered by the company.

Reason for selling:

The owner wishes to retire.

Support & Training:

Will train for 4 weeks @ no cost. Licenses include a local business license to operate. Skill set includes the ability to attract and manage new clients, the ability to mange existing client home-owners and the ability to manage and schedule employee cleaning teams.

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Business Listed By:

Terry Flanagan

Murphy Business Brokers