Established Franchise Cleaning Service

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Asking Price:
$650,000

Gross Revenue:
$861,258
Cash Flow:
$235,424
EBITDA:
$185,699
Inventory:
$5,000
included in asking price

FF&E:
$223,315
included in asking price

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Business Description

This is an established franchise of a high end cleaning service. This is a much sought after location for this very high end franchise that does not have available territories locally in the area. This business is almost absentee ran. Meaning that the owner spends about 20 hours per week working but could easily hire someone to take 90% of their day to day duties of spot checking jobs and quality control. It is rare to have such a quality business available with consistent revenue and customers. These customers pay on the day of service so extremely low A/R and great cashflow. Uniformed employees with supervisors and office manager. This business runs itself as the owner takes almost 6 weeks of vacation and runs a nonprofit and another business on the side. Move quickly this business won't last long.

This business is priced less than several comps of other franchised locations that have sold. This business is priced UNDER a 3x multiple for a business that makes over 200k with less than 20 hours of work per week.

Confidentiality is extremely important. Therefore, NO information is given without a Nondisclosure on file. We have our Non Disclosure (NDA) on our website where it can completed 24/7/365. Please as the next step complete the nda at our website and select "Established Franchise Cleaning Service".

Once the NDA is completed you will automatically get the profile if your information can be confirmed online. Please go to our website and select NDA and complete the form online.

About the Business

Year Established:
2007
Number of Employees:
20
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
15,000
Lease Expiration:
8/31/2022
Facilities:
This offices in 2 suites just off a major highway. Office warehouse duo where the company vehicles can be parked inside. The landlord will assign remainder of lease and add options to comply with SBA requirements.
Website:
www.sigmamergers.com/nda
Market Outlook/
Competition:
This business markets to high end clients.
Growth & Expansion:
Owner says with a full-time owner the business could easily grow to 1.5 to 2 million. It would be helpful to have a new owner that is involved and able to sell new clients. Recently they entered into a national marketing plan that the owner believes will grow the company 20% to 30% over the next 24 months.
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About the Sale

Reason For Selling:
Owner has another business that requires full time attention.
Training/Support:
The franchisor will provide extensive training prior to closing and the owner will help for transition as needed.
Seller Financing:
As needed by SBA

Listing Info

ID:
1460398
Ad Detail Views:
459

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Business Listed by

Scot Cockroft

Sigma M&A LLC.

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Source: Decennial Census (2010), United States Census Bureau.

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

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