MergerPlace

Privately Owned Cleaning Service

Massachusetts (Barnstable)


  • Asking Price: $689,000
  • Gross Income: $1,078,439
  • Cash Flow: $223,081
  • Real Estate: Not Disclosed
  • Inventory: $50,000
  • FF&E: $110,570
  • Listing ID: #210558
  • Established: 1988
  • Employees: 3 FT / 30 PT

Business Description

Exceptional opportunity for an individual or existing company to acquire the assets and perennial profitability of this Market Leader for Residential and Commercial Cleaning. Located on Cape Cod, MA., revenues of over $1 million are derived from cleaning services at seasonal rentals, year-round homeowners, commercial buildings and post construction houses. Additionally, it offers a significant linens rental service and a carpet/upholstery cleaning division. Weekly turnover of seasonal rentals creates unique demand. Active customer-base count is over 1000 and growing with a very high retention rate. For any startup, the cost of entry and maturity time for a similar new business of this size is substantially higher than this Offering.


Business Details

Primary Business Category: Services - Business
Location: Massachusetts
County: Barnstable

Company Information

Year Established: 1988
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT / 30 PT

Financial Information

Asking Price: $689,000
Gross Revenue: $1,078,439
Cash Flow: $223,081
FF&E: $110,570
Inventory: $50,000
Seller Financing Available: No

Property Information

Facilities:

Offices and storage is conveniently located to the market in a 2000 sf leased strip shopping building with very reasonable rent.

Growth & expansion opportunities:

Considerable opportunities in commercial cleaning which are recently being refined. Many more opportunities to capture customers who currently use home based cleaning service which simply can't match the service level offered by this offered business.

Competition:

Most competition comes from home-based services which can't meet the offering of this subject business. There are a few similar competitors but there's plenty of demand to go around.

Reason for selling:

Personal family issue.

Support & Training:

Will train for 4 weeks @ $0 cost. Owner’s duty is managerial from a centrally located administrative office along with a staff of 3 who schedule assignments and crews among the 30+ employees who are dispatched in company branded vehicles to job locations. Management support systems include internal IT, data base of customers, quick books accounting, website, Facebook & Instagram marketing and GPS vehicle tracking. While responsibilities are structured, the business operates on a team concept where personnel willingly overlap responsibilities to pitch-in as needed. The home base office also accommodates the branded vehicle fleet, equipment, supplies and linen storage.

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Business Listed By:

John Dirkmaat

Murphy Business Brokers