MergerPlace

Portland Cleaning Business - Established

Portland, Maine (Cumberland)


  • Asking Price: $1,490,000
  • Gross Income: $1,516,588
  • Cash Flow: $431,371
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #215084
  • Established: Not Disclosed
  • Employees:

Business Description

Super Profitable residential cleaning business, set up for executive ownership. One of THE top locations in the area. Almost runs itself, but you’ll still need to be there to watch over this rapidly growing business. In fact, sales are on a serious upward trend due to a new marketing program that was implemented in the last several months. The company has already gained more new clients in the last 5 months than he gained ALL last year which was A LOT!! Location has Increased customers by 55 clients in ALL of 2018. As of June 2019 customer count has increased by 82 for a total of 712 active clients!

Additionally, the business has an excellent staff in place which will make your transition a breeze.

The company also has incredibly robust (proprietary) software being used to track employees and costs. Couple the software with serious training you will receive from the seller and you’ll have a cocktail for serious continuous success.

A bit of the details…
Sales for the location are as follows:
2016: $1,000,112; Earnings: $234,586
2017: $1,256,573; Earnings: $312,879
2018: $1,383,853; Earnings: $$420,296
2019 (*projections, conservative): *$1,516,588 -- but could be as high as $1.7M which is how he’s currently tracking as of June 2019. (projected earnings, $464,598).
*Appraiser weighted earnings: $431,371

Your expected return on injected equity (your down payment) is a massive 37% per year!!

Here’s the breakdown:

Purchase price: $1,490,000 (The appraised price, not an asking price)
Down payment: $298,000 (20%)
Debt service (apprx.): $171,663 year / $14,305 month ( $1,490,000- $298,000=$1,192,000) at 7.75% over 10 years is apprx.

Current 2018 earnings/ discretionary = $431,371
Earnings after debt service = $259,708 (431,371 – 171,663= 259,708)
Take out a $150,000 year salary which will leave you with $109,708 ($259,708 -$150,000=$109,708,000).
$109,708,000 / $298,000 = 37% return on your investment!!!!!!!! A good year in the stock market is about 7 to 15% a year!!

*Important: Don’t take our word for it, you must have your accountant verify all of these calculations and see if they come to the same conclusion BEFORE you put any money at risk. We are confident when your accountant runs the numbers they will come to the same conclusion.

Buyers will need an additional $35k to $50k in (available) working capital which can probably be secured with the loan which is not factored into the above calculations.

**For buyers with good credit, good business background, collateral and verifiable funds. Other requirements may be required, but TBD.

Confidential Sale. Non-Disclosure Agreement(NDA) Required.

CONTACT US TODAY FOR THE ONLINE-NDA FOR A DISCUSSION ABOUT THIS BUSINESS.


Business Details

Primary Business Category: Services - Other Services
Location: Maine
Metropolitan Area: Portland
County: Cumberland

Company Information

Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $1,490,000
Gross Revenue: $1,516,588
Cash Flow: $431,371
Seller Financing Available: No

Property Information

Facilities:

Well-established, equipment, trained staff, seasoned quality cleaning teams.

Growth & expansion opportunities:

Marketing, advertising, building community relationships.

Competition:

WHAT WE DO…We clean homes and offices…BUT this is essentially a highly scalable, executive level management/staffing business. It is not sexy, and perhaps it is not cocktail party fodder, but it can make you great money and is the perfect lifestyle business! Owners do NOT clean the homes - We use professionally trained teams to clean and work in the homes and we do a ton of them!*****This is a recurring cash-based business.No accounts receivable and No inventory.The business has a high customer retention rate - Keeps from needing to chase new customers. The Monday-Friday 8-5 p.m. work week makes this the perfect lifestyle business that let's you have your weekends and holidays to yourself and for your family. The business model is turn-key and simple. Attractive return on effort. Family-friendly working hours. Repeat customers who generate multiple recurring revenue streams.

Support & Training:

Provided.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Blue Stone Business Group

Blue Stone Business Group