This janitorial business boasts a highly attractive book 50 homeowner’s associations (HOA) clients managed by 15 management companies.  The firm primarily provides day porter services as well as clubhouse, fitness center, and pool area cleaning.  Though the contracts have a 30 day termination clause, which tends to be industry standard, the mature relationships are deemed to be secure.  The company has an experienced supervisor and seasoned staff, in addition to a vehicle.  Staff work 7 days per week, with 3 team members dedicated to the largest HOA client. 

Due to the company’s infrastructure being split between two separate business divisions, the seller only views this as an opportunity for an established and ongoing maintenance company that wishes to enter a new market segment (i.e. HOAs) and walk-into a coveted book of clients. It is neither positioned, nor intended to be a sale as a stand-alone entity.

It is recommended that a potential buyer look at the top line revenue, and some of the key COGs data, and determine what the underlying gross and net profit would be under their enterprise’s structure. The seller will not meet or transact with a party that does not have an existing, ongoing complementary maintenance-related operation already in place.