Largest Independent Cleaning Service in No. NJ-B2C; B2B

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Business Description

Established in 1983, this business has evolved into the top such independent service in northern New Jersey. They are fully insured and bonded, and has not had even one claim in 36 years after more than 600,000 jobs. All their employees are professionally trained. The company provides all products, equipment and vehicles. Since the company has not increased their prices for service in over 4 years, they are about the put through a 10% increase which would translate into an $80,000 increase to the revenues. They have a A+ rating with the BBB. They are partnered with AAA and are the only cleaning service on the AAA website. They are partnered with www.cleaningforareason.org. They are proud to have very positive reviews on Angie's List. This is a 6 day operation. The real estate is also available. They service 5 counties: Bergen, Passaic, Hudson, Essex and Morris. The owners are in their 80's and burned out, and spend limited time in the business. They have an office supervisor, an operations manager, a customer service manager as well as a large crew of cleaner employees. They provide service to both residential as well as commercial (professional offices, etc.) clients. Most clients are repeat. For more information, please contact TBC Business Brokers at tbcpearl@aol.com

About the Business

Location:
Bergen County, New Jersey
Year Established:
1983
Number of Employees:
19
Real Estate:
Owned
Building Sq. Ft.:
2,500
Facilities:
Lot size 6,250 SF. In addition to the building, which has 2 floors, there is a large warehouse (1,900 SF), large basement and ample gated parking
Market Outlook/
Competition:
They are the top independent cleaning service in northern New Jersey.
Growth & Expansion:
The current owners are old school. A new owner with some tech savvy and marketing skills would bring this business from the 20th century to the 21st century.
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About the Sale

Reason For Selling:
Owners are in their 80"s and wish to retire.
Training/Support:
Owners will train and assist in a smooth transition.
Seller Financing:
Some seller financing on the business

Listing Info

ID:
1626883
Ad Detail Views:
0
Asking Price:
$325,000

Gross Revenue:
$892,169
Cash Flow:
$133,976
EBITDA:
$133,976
Inventory:
$10,000
not included in asking price

FF&E:
$47,000
included in asking price

Real Estate:
$445,000
not included in asking price

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Business Listed by

Philip Pearl, CPA

TBC Business Brokers

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