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Business for Sale Summary

Office Cleaning Company in New Haven County - 32064

Business Type: home-based business,misc. servicel/non-classifiable,other business services,other personal services,cleaning services
Office Cleaning Company in New Haven County
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Financial Information (non-confidential)

General Information
Asking Price $190,000 Down Payment $190,000
Gross Revenues $480,000 Lease Remaining Register Free to View
Owner’s Cash Flow $110,000 Number of FT Employees Register Free to View

Financing

$190,000 Down and None.

Business Description

Commercial Office Cleaning Company - Home Based. Great upside with low overhead. This business was established in 2010. They currently service over 70 clients (with some under contract) primarily in Middlesex County. THIS IS NOT A FRANCHISE so you can expand that territory. Clients are primarily private schools and professional offices. That makes up 98% of the business. There are less than 5 residential accounts. There are over 20 cleaning employees (all W-2). All employees have regular accounts that they service. They know when and where they need to be. They use their own vehicles and cleaning supplies are stored at the clients offices. THE BUSINESS IS FULLY BONDED AND INSURED. They do minimal advertising for new accounts. In the past year the business grossed approx. $480,000.00 with a net income of approx. $110,000.00. THESE ARE PROJECTED TO BE ROUGHLY THE SAME FOR 2019. The owner will stay on for a training and transition period. There is tremendous upside in bidding on municipal jobs, expanding marketing and bringing some services in-house. For example, this company offers stripping, waxing and carpet cleaning, but those jobs are subcontracted out for relatively low margins. You can bring those services in-house and fatten your bottom line. We are seeking a serious and qualified buyer with at least $190K in liquid funds. AS THIS IS A HOME BASED BUSINESS, ALL MEETINGS MUST BE MADE BY APPOINTMENT ONLY.

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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.