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Recession Resistant Affluent Community Cleaning Services Company - SC2091
Recession Resistant Affluent Community Cleaning Services Company - SC2091
Financial Information
- Asking Price: $749,000
- Gross Revenue: $813,501
- Cash Flow: $291,104
- Down Payment: N/A
- FF&E (Included): $100,000
- Inventory: $1,000
- Financing: No
Business Location
- Northern California
Primary Business Category:
This Northern California-based Cleaning Services Company is a California S-Corporation and was established in 1989 providing comprehensive residential and commercial cleaning services for the past 33 years under the founder of the company. Their services are extensive: Carpet Cleaning, Window Cleaning, Tile & Grout Cleaning, Wood/Laminate Restoration, Pressure Washing, Gutter Cleaning, Blind Cleaning, Upholstery Cleaning, Air Duct Cleaning, Solar Panel Cleaning, Junk Removal, and the list goes on. They started out with Carpet Cleaning in highly affluent areas of Northern California and built extensive services with their clients through the years. They even do Christmas Light Sales, Installation and Removal, which has expanded greatly causing revenue surges during the holiday season. This adds even more "stickiness" to the existing customer base.
Competition Description
There are currently other competitors in the market, but they do not offer all the services that this company does. This company has not seen impact from the competition. What differentiates them is the diversified services they provide. Their technicians are well-trained, courteous, and proficient at what they do. During the 2008 downturn, this business continued to see moderate growth, based on their diversification and the client base that they serve. This business is truly recession resistant!
Growth / Expansion overview
They have received a 92% positive feedback rating, have completed over 6,200 projects, and have a 97% rating on repeat customers. They have a Five Star rating on YELP as well as a Five Star rating on Google Reviews. Growth can be obtained by hiring more employees and expanding geographically the territories they serve, along with adding additional services to their existing large client base. Also, they could benefit from increase digital marketing and print marketing as well. Current marketing is really word of mouth and reputation only. Also, there are tens of thousands of new homes being built in their existing service territory, which would allow for significant expansion on the number of clients that could be served.
Support / Training Comments
The Seller is willing to provide training for 4 weeks at 30 hours per week. Additional training from the Seller is available beyond what is included in the purchase price at mutually agreed to terms between the Buyer and Seller.
Reason For Sale
Seller Would Like To Pursue Other Interests.
- Home Based: No
- Year Established: 1989
- Franchise: No
- Willing to Train: Yes
- Relocatable: Yes
- Required Licences:
- Is Property Leased: Yes
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: N/A
- Real Estate Asking: N/A
- Days Open: Monday - Friday
- Hours Open: 8:00 am to 6:00 pm
- Fulltime Employees: 9
- Part time Employees: 1
- Is Management Staying: No
- Distressed: No
- Monthly Payroll: ON REQUEST
- Building Size: 2,650 sq. ft.
- Monthly Rent: $1,275
Broker: ProEquity Asset Management Corporation License ID: 01870526
Listed By: Adriana Sargent
Background information
Reference:
SC2091
Year established:
1989
Reason selling:
Seller Would Like To Pursue Other Interests.
Operations
Employees:
Full-time Employees: 9 Part-time Employees: 1
Equipment:
Upon Request
Inventory:
Inventory: $1,000 Upon Request
Premises
Facility:
Building Size: 2,650 sq. ft. Is Property Leased: Yes Real Estate Available: No
Square footage:
2,650 sq. ft.
Rent and lease terms:
Monthly Rent: $1,275
Location:
Confidential, California
Opportunities
Growth:
They have received a 92% positive feedback rating, have completed over 6,200 projects, and have a 97% rating on repeat customers. They have a Five Star rating on YELP as well as a Five Star rating on Google Reviews. Growth can be obtained by hiring more employees and expanding geographically the territories they serve, along with adding additional services to their existing large client base. Also, they could benefit from increase digital marketing and print marketing as well. Current marketing is really word of mouth and reputation only. Also, there are tens of thousands of new homes being built in their existing service territory, which would allow for significant expansion on the number of clients that could be served.
Market:
There are currently other competitors in the market, but they do not offer all the services that this company does. This company has not seen impact from the competition. What differentiates them is the diversified services they provide. Their technicians are well-trained, courteous, and proficient at what they do. During the 2008 downturn, this business continued to see moderate growth, based on their diversification and the client base that they serve. This business is truly recession-resistant!
Price and terms
Price:
$749,000
Financing:
No seller financing is available. SBA qualified, traditional financing available, cash offers welcome.
Training:
The Seller is willing to provide training for 4 weeks at 30 hours per week. Additional training from the Seller is available beyond what is included in the purchase price at mutually agreed to terms between the Buyer and Seller.