Asking Price: $225,000 Gross Revenue: $202,655Cash Flow: $115,763 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed 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.
After twenty three years of operating this commercial cleaning business, the seller's are ready for retirement and want the company to continue providing services to their long term clients. Originally started as a way of allowing the seller's to have a more flexible family schedule, this business has developed over the years where the employees do most of the production on routes and the seller concentrates on bookkeeping & clients. Most of the clients, including their first one, have stayed loyal throughout many years and are not overly dependent on personal relationships. Due to length of time, energy levels and family issues, the Seller's have lost their drive for growth and are operating basically on autopilot. An ambitious buyer who is savvy with modern marketing will find this to be a diamond in the rough with plenty of upside potential. If you're looking for an affordable business with a strong, stable base income-inquire with us today! All inquiries will be asked to submit an NDA to receive details.
About the Business
Number of Employees:
The business is currently home based and all employees are dispatched from their homes. All materials and equipment are stationed at the client's facilities so the business only requires a small office.
The competition are larger commercial cleaning businesses with high overhead and inflexible service policies. The seller has positioned themselves into professional offices and has a twenty three year track record without any marketing. They are a small player in the market but have loyal clients. There is some high client concentration with a larger customer, however, they've been with this business for many years and the relationship is not a personal one.
Growth & Expansion:
While building their business without any web presence, advertising or any modern marketing-they've been successful for years purely on word of mouth and referrals. Expansion could be had simply by starting to market, build a website and have search engines direct traffic through ad clicks or other methods. Attending chamber events etc…
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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
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