MergerPlace

Commercial Cleaning Company

Halifax, Nova Scotia


  • Asking Price: $790,000
  • Gross Income: $2,682,401
  • Cash Flow: $372,721
  • Real Estate: Not Disclosed
  • Inventory: $97,840
  • FF&E: $951,797
  • Listing ID: #209541
  • Established: 2000
  • Employees: 25 FT / 6 PT

Business Description

One of the leading independent commercial contract cleaning service providers in Nova Scotia for over 18 years building relationships with many of the largest landlords and enterprise level clients in the region. As well, as a result of relationships developed through commercial cleaning services, provides commercial landscaping and snow removal winter maintenance to key enterprise level client. It is offered as a package with the commercial cleaning but can also be purchased separately.


Business Details

Primary Business Category: Services - Other Services
Location: Nova Scotia
Metropolitan Area: Halifax

Company Information

Year Established: 2000
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 25 FT / 6 PT

Financial Information

Asking Price: $790,000
Gross Revenue: $2,682,401
Cash Flow: $372,721
FF&E: $951,797
Inventory: $97,840
Seller Financing Available: No

Property Information

Facilities:

The business currently occupies an independent structure behind the personal residence of the owner. The commercial premises is a 1,200 square foot office above a garage. The owner expects that a buyer will move the business to a new location, but will allow a reasonable amount of time for the new owner to find an alternative, in order to minimize any disruption to the business. Rent for the premises will be $1,500 gross plus HST on a month-to-month basis for a maximum of one year after close.

Growth & expansion opportunities:

No limit to growth as there are many opportunities to respond to tenders. The key is to develop the workforce.

Competition:

Management believes that the following parameters are key to success in the industry, and that the company is competitive on all of them: Price: always a consideration and the company is not necessarily the cheapest provider, but always considers itself to be competitive. Service Quality/Reliability: in any business, is always important. It is particularly important in non-tendered work, where purchase decisions are based more on relationships than on price. The company has developed an exceptional reputation for quality and reliability over 18 years, and has become the market leader as a result. Loyalty: The company has developed a number of strong relationships with clients over many years of service, resulting in long term clients with minimal turnover. Awareness: As stated above, the company has been in business for 18 years. Because of its strong brand awareness in the market, the company is likely invited to quote on almost any significant project in the region.

Reason for selling:

Owner is retiring.

Support & Training:

Will train for 2 weeks @ $0 cost. Office Cleaning (Nightly / Weekly / Bi-Weekly / Monthly). Floor Care (Buffing / Stripping / Waxing / Tile/Grout). Carpet Cleaning (Wall to Wall / Upholstery / Spot & Stain Removal / Traffic Lane Restoration). Ancillary Services (Outside Sweeps / Windows and blinds / Pressure Washing / Green Cleaning / Recycling Programs). Seasonal lawn care for office and industrial buildings. Seasonal snow removal and winter maintenance for office and industrial buildings.

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Business Listed By:

Mark Pothier

Murphy Business Brokers