Asking Price: $350,000 Gross Revenue: $249,630Cash Flow: $141,291 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $17,915 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This well-established, full-service commercial cleaning company which also provides floor cleaning and maintenance in Central Iowa is for sale. It has been a locally owned and operated business for 37 years. The business provides daily, weekly or monthly services to their loyal, long-term clients including department stores, retail mall clients, commercial office space, manufacturing facilities, and others. They typically work closely with a client to tailor their services to their specific needs. The company has developed contract terms with many of its clients which have improved its financial strength.
About the Business
Number of Employees:
The business currently operates out of the the owner's house.
This is a terrific business opportunity for an entrepreneurial individual or an existing commercial cleaning business that would like to add to its client base, expand its territory, or expand its service offerings. Due to the large demand in the area for janitorial and floor cleaning services, this business can be grown by developing a sales/marketing program, hiring more employees, and by expanding the territory it serves.
Growth & Expansion:
This company has an excellent reputation with their long-standing clients and a new owner will be able to take advantage of existing agreements.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.