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Business for Sale Summary

Commercial Cleaning with Multi-Year Contracts - 33740

Business Type: home-based business,misc. servicel/non-classifiable,other business services,seller financing available,cleaning services
Owner Financing
Commercial Cleaning with Multi-Year Contracts
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This business has received 8 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $850,000 Down Payment $550,000
Gross Revenues $1,025,451 Lease Remaining Register Free to View
Owner’s Cash Flow $303,624 Number of FT Employees Register Free to View

Financing

$550,000 Down and $300K over 3yrs. @ 6%

Business Description

Commercial Cleaning Service - 70% State and Municipal Contracts. Not a franchise. This business has seen sharp growth over the past 4 years. The Covid 19 outbreak has only created more demand. They have focused on capturing recurring state and municipal contracts, primarily in Hartford County. Most contracts are locked in until 2022. These are typically 3-year contracts with 2-year options. Cash flow is expected to exceed $300K this year. There are currently 40 (W-2) employees on staff with management in place. We are seeking a serious and financially qualified buyer with at least $550k in liquid funds to cover the down payment. Proof of funds will be requested prior to a conference call or meeting with the seller. The owner is willing to keep a minority equity stake to ensure a smooth transition and aid in the new owner's growth. To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. All meetings must be scheduled by appointment only!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.