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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Commercial Cleaning Company
(Services)
Morris County, New Jersey
Listed Price: $ 175,000
Listing ID: SVS401

Listing DetailsGross Revenue: $ 320,092
Cash Flow: $ 46,929
FFE: $ 45,000 (Included in Price)
Reason for Sale:

Seller relocation out of the State of New Jersey and into an alternative service


Training & Support:

 

Regarding support and training, the seller will remain post closing to supply an appropriate training and transitional period.

 


OperationsYear Established: 2005
Days & Hours of Operation: Mon-Sat
Employees: 15
Absentee Owner: No
LocationLease Expire: 0000-00-00
Type of Location: Home Based
Facilities:

 

The company is in Northern, New Jersey consisting of a small office and a storage area in the owner’s home base, which can be relocated anywhere. This type of business requires a minimal space due to the outside services the company provides. The employees live near to the job sits they are scheduled to maintain. (Home Based)

 


SummaryBusiness Description:

Excellent business opportunity, for this commercial cleaning company that services Northern New Jersey & Rockland County, New York with a gross income of $320,092 and a yearly net income of $46,929, as an absentee owner. This professional cleaning company has a variety of retail and commercial customers. They provide commercial cleaning services at competitive rates and no jobs are too big for their staff. Their success is dictated by their commitment to providing quality service, which has earned them a substantial customer base. The company is a fully insured and bonded cleaning company that takes pride in customer service. Their services are primarily commercial cleaning, non-residential, which includes several types of business cleaning services. Additional work such as floor stripping refinishing, construction clean up, window cleaning, light cleaning, carpet cleaning represents an additional and small percentage of their income. The company services various businesses, high rise buildings, doctor's offices, day care centers, fitness centers, small pharmaceutical companies, retail stores, churches, new construction, universities, factories, government facilities, and food service locations. Every business is unique and requires individual service and they offer a no obligation business estimate to explain their different cleaning packages. The company offers a variety of cleaning options and with this they will customize their services to meet the customer’s needs and budget, their customers simply need to pick the services and frequency of service. This retail business has approximately fifteen-part time employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll is approximately $14,580. The business is operational five to six days weekly with specific after work hours, so not to interfere with the client’s day to day business operation.
The company’s most recent twelve month yearly gross income is $320,092 and a yearly net income of $46,929 as an absentee owner and prior to debt service. As an owner operator yearly, net income can approximately be $79,929. The business has been valued at $175,000 which is based on a multiple of the net yearly income and the value of the specific business assets. Also, seller financing is available to a qualified buyer with an appropriate down payment, collateral and credit rating. Based on the asking price, required down payment and net income this business should supply a consistent return on investment to the owner operator prior to debt service. Because the sale of this business is confidential to the employees and public, all viewings are by appointment only and photo may not represent the particular business.


Competition:

 

This general industry has basic competitors throughout the tri state area and the seller has agreed to supply an appropriate non-compete agreement to the new operator.

 


Potential Growth:

The business does not have a web site or a marketing plan and with an appropriate advertising system the company can continue to expand resulting in an improved income to the owner operator.


Financing/Terms:

 

Seller financing is available to a qualified buyer