Price: $1,200,000
Location: Union County NJ, New Jersey
Industry: Services
Listing ID: SVS511
Commercial Cleaning Company which specialized in medical facilities with a 2022 yearly gross income of $1,113,407 and a net yearly income of $332,213. The owner is now retiring after thirty-five successful years in this specialized service industry. This highly profitable commercial cleaning company is a full-service janitorial company with an outstanding reputation for quality and commitment. The company services the New Jersey metropolitan area, Union, Bergen, Essex, Middlesex, Somerset, Morris, Ocean, Monmouth, Warren, Mercer with professional cleaning solutions Particularly for medical related companies and their services are tailored to the client’s specific needs. They presently service approximately one hundred & thirty-two medical business facilities, and all of their clients have contract agreements for multiple years. They have twenty-five years of experience and always deliver the finest service in the cleaning industry and offer a 24-hour service when required. Their experience and knowledge places them at the top of this industry in customer service and satisfaction and their compensation is at the high end of their industry. Their goal is to continue to provide quality service that leads to a productive and profitable working relationship with their many commercial clients. The employees are trained in most modern infection control procedures and helpful with OSHA Requirements. This high-volume Commercial Cleaning company is a professional janitorial company with an outstanding reputation for quality and commitment. From small offices to large commercial facilities, their staff is professionally trained to complete the job with excellent results. In addition to basic commercial cleaning, they are experienced in providing cleaning service to the Medical and professional community. The company offers a full menu of services, ranging from standard office cleaning, vinyl tile floor maintenance and carpet shampooing & disinfecting services. This is a dependable safe business opportunity and based on the asking price, continued yearly net income, this business expects to supply a consistent return on investment to the owner operator.
Listing Details
Revenue: $1,113,407
Cash Flow: $332,213
FFE: $120,000 (Included in Price)
Inventory: $1,500 (Included in Price)
Form of Ownership:
Corporate
Reason For Sale:
The purpose of this business transaction is due to the owner retirement after many years in this industry.
Training & Support:
Training and owner support, the owner is prepared to remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller may be available to supply additional training, at a fair cost to the purchaser.
Operation
Year Established: 1995
Year of Last Acquisition: 1995
Days & Hours of Operation: Days Hours of operation, this commercial cleaning company is active seven days per week, based on a weekly schedule, with twelve (10) hour operations available to their clients.
Owner Hours Per Week: Part time
Non-Owner Payroll: $500,000
Employees: Regarding employees and payroll, this commercial cleaning company consists of approximately (54) fifty-four full- and part-time employees who are unaware of the pending sale. The employees are assigned to a particular commercial site which they are responsibility to clean and maintaining. The payroll is primarily based on an hourly pay scale, and a weekly base salary and the operation manager obtains a full salary. The staff is unaware of the pending sale & fully expected to remain post-closing, and the monthly payroll expense is approximately $60,000, which includes the manager’s salary of $75,000 yearly.720,000
Location
Security on Lease: NA
Lease Option: Not Applicable.
Square Footage: 1200
Relocatable?: Yes
Facilities Information:
This commercial cleaning company is located in a non-retail office facility. The business is in Northern New Jersey, Union / Essex County, which consists of thousands of commercial companies and highly populated communities with continued demand for this service.
Summary
Historical Summary:
Business History: This transaction represents a twenty-five-year-old commercial cleaning company.
