Commercial and Residential Services Company for Sale $540k Gross Plus

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Fun Work/Life Balance Business for sale. Nights off / Weekends Off
Asking Price:
$180,000

Gross Revenue:
$540,000
Cash Flow:
$62,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
$50,000
included in asking price

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Business Description

Looking to sell our Squeegee Squad franchise to move back home to Lynchburg VA to flip homes and help run our families Servpro business. We moved to Colorado to live in the mountains for a few years and had hopes of starting our own little family here. Unfortunately, that has been a difficult journey..... so my wife is really missing our family in VA.

Gross Sales: $538k + last year / Asking Price: $180k

This is a great business and we don't have anyone work weekends, holidays, and we are home by 5:30 every day! We've worked very hard to grow this business and it is providing us with a great work/lifestyle balance! Looking to sell hopefully by this summer.

Business is a Window Cleaning, Power Washing, Gutter Cleaning, Snow Plowing services company. We have current contracts in place of varying sizes and a residential base. Shop Location, 3 fully equipped trucks, equipment, employees, etc. Large power washing tow behind unit in excellent condition, two snow plows.

2013 is the year we started late Augues. Gross $22,857 / Net: $4,349
2014: Gross $92,580
2015: Gross: $263,103
2016: Gross: $423,453
2017: Gross: $538,341

As you can see we make a good living and how many companies can you buy that have weekends off?! This is a franchise so your territory will be protected!
Royalties at this level is only 6% then you have a 1% advertising fee, but it drops off after you reach your 150k mark for the year. Non compete agreements required with corporate, but they are very good people and we have always been able to work very well with them. General Asking prices for companies like this is 2-3x net. Last 2017 net was $86k that's a 15% profit after royalties and all other expense signifying a healthy business! Happy to show P&L, Balance sheets, etc. with a serious offer

Corporate requirements for new buyer:
*Franchise Application filled out by the buyer
*Franchise Disclosure Document and last Receipt Page signed 15 days prior to a purchase
*Franchise Training for new owners in Minneapolis at HQ to be scheduled

We know the ins and outs of this business and are more than willing to offer training for a couple of weeks, and my wife can continue to do office work for a few months on a normal hourly charge. Again, this comes with some private and government contracts already in place and customers are recurring which is fantastic vs. the alternative type of business where it's one project and done hoping for the next one to come in.

This is the THREE BEST TERRITORIES in Colorado! Jefferson County (best residential income), and Denver and Arapahoe County best for commercial. But we have no other owners out near us so the surrounding counties are yours to serve!!! Not selling separately sorry.

Serious buyers only please submit email with questions or if you would like to schedule a meeting. Seller financing could be considered.

We know of some wonderful lenders who we can refer.

About the Business

Year Established:
2012
Number of Employees:
6
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,200
Lease Rate/Sq. Ft./Yr.:
$1,300.00
Lease Expiration:
3/1/2019
Facilities:
07 Chevy Silverado with ladder rack and snowaway plow attachments, 05 Chevy Silverado with boss plow and ladder rack, high rise gear, ladders, pressure washers, shop location, all the window gear you could ever want. Some office equipment. Marketing assets and new website launch in the works with high tech features!
Website:
www.squeegeesquad.com/franchise/jefferson-county-co/
Market Outlook/
Competition:
Fish windows - but they are mostly store fronts business. Bob Popp but they are like skyscrapers.
We are dominating the mid rise and residential market!
Reflections window cleaning and doors

Obviously there is plenty of work to go around and we are on good terms with these companies
Growth & Expansion:
This business could easily gross in the millions. Our sister franchise in MN grossed 3.2Mil in 2016 and more in 2017. We have the best market and best weather for this business
Contact the Seller

About the Sale

Reason For Selling:
Personal - Missing families in Virginia. If we stayed here we'd keep this!
Training/Support:
Happy to provide training and advice even after sale. But you have a great network of other franchise owners to lean on!
Seller Financing:
Will Sell for $150k but trucks will not be included in sale. Rest of assets incl

Listing Info

ID:
1367896
Ad Detail Views:
75

Attached Files Attachment Disclaimer

  2016 P&L (37 KB)
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  2017 P&L (36 KB)
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Business Listed by
Caleb Halsey

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U.S. Census Data for Adams, Arapahoe, Denver and Jefferson Counties, CO
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Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Adams, Arapahoe, Denver and Jefferson Counties, CO
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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