This Northern California based Janitorial Company is a California Sole Proprietorship and was formed 26 years ago and has been under the same ownership since inception. They have a very loyal client list with the average client staying with them for over a decade. Their contracts have a very high markup, but the level of service is so good that customers are willing to pay and seldom leave. This janitorial company overlooks nothing, using deep-cleaning methods and non-toxic, environmentally friendly products to thoroughly clean every inch of your office or building. They provide cleaning services and maintenance services for warehouses, hospital offices, medical and dental offices, restaurants, banks, government facilities, schools and colleges, churches, and all types of office buildings. Just a sample of some of the services offered include floor waxing stripping and sealing, carpet shampooing, window and blind cleaning, restroom cleaning, pressure washing, pest control, special event clean-up, and post-construction clean up. This business has many recurring revenue clients, but they can do one-time, daily, weekly, or monthly cleans. They specialize in working with property management companies.
This business currently advertises mainly through word of mouth and referrals. Growth can be obtained by stronger marketing and social media presence. Additional revenue outside of gaining more clients could be by offering more services as well, dependent on what the clients are looking for and demanding. They could also expand geographically into other areas.
Financial Information
$650,000
Asking Price
$192,000
Cash Flow
$345,000
Gross Revenue
$325,000
Down Payment
Yes
Financing
Business Location
City:
Northern California
State:California
Financing Comments
The Seller may be willing to carry up to 50% of the purchase price over a 5-year period at 8% interest rate. The amount financed and interest rate will depend on the offered price and quality of the Buyer.
Reason for Sale
The reason for selling is Seller would like to pursue other interests.
Detailed information
Year Established:1997
Home Based:No
Franchise:No
Relocatable:Yes
Lender Prequalified:No
SBA Prequalified:Yes
Full-Time Employees: 3
Part-Time Employees:2
Contractors:N/A
Owner Worked Hours/w:30
Adjusted EBITDA:
$197,000
Inventory Included: No
Monthly Rent:
N/A
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
N/A
FF&E Included?: Yes
FF&E Value: $50,000
Training/Support
The Seller is willing to provide training at 30 hours per week for 4 weeks for the new owner. Additional training may be available at mutually agreed upon terms between the Buyer and the Seller.
Facilities
This is a home based business.
Market Outlook/Competition
The market size, measured by revenue, of the Janitorial Services industry was $89.7bn in 2022. The market size of the Janitorial Services industry in the US has grown 3.3% per year on average between 2017 and 2022. The Janitorial Services industry in the US was the 4th ranked Administration, Business Support and Waste Management Services industry by market size and the 149th largest in the US.
CA 02100708
NV 1003039
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