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Commercial and Residential Cleaning Services

Hillsborough County, NH

Seller Financing Available
Commercial and Residential Cleaning Services
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Asking Price: $220,000

Cash Flow: $95,975

Gross Revenue: $398,545

EBITDA: N/A

FF&E: $40,000

Inventory: N/A

Established: 1978

Commercial and Residential Cleaning Services

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Business Description

This is a very well established, award-winning, turn-key residential and commercial cleaning business offering quality cleaning services which has resulted in a steady, loyal customer base. In fact in 2018 the business once again has won “Best Cleaning Company” in the area. It was established in 1978 and the current owner acquired the business in 2002. The business has a current customer base of 140 accounts so sales revenues come from a diverse customer base which minimizes account risk. Most of the customers are located in towns of the Greater Nashua, NH area. Approximately 60% of the business is from residential accounts and 40% is from commercial accounts. The business owns all the equipment necessary to perform all their services including vehicles, floor cleaning machines and miscellaneous equipment. All in good working condition. Annual sales have been averaging around $400,000 except for 2017 when the business had an increase due to a temporary cleaning contract for the year. Staff is well trained and reliable allowing the owner to take time off. The business has excellent books and records making the due diligence process easy to verify. The business is located in an office condo that is owned by the business owner who is flexible on the length of a rental or lease. This opportunity is turn-key with growth prospects and is being offered because the owner is retiring. Seller will stay on for a smooth transition period after closing.For more information, please contact John Coto, Certified Business Intermediary at Alliance Business Brokers, LLC by email or call 603-880-8200. Attention Business Owners: We have buyers looking for businesses to buy and not enough listings! If you are considering a possible sale or would just like to learn more about the process, please call me for an initial, confidential discussion.

Detailed Information

Location:
Hillsborough County, NH
Employees:
13
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business leases approximately 1000 sq. ft. of space in an office park which includes office space and warehouse space. Conveniently located.
Competition:
Well- known, excellent reputation, many loyal customers.
Growth & Expansion:
Increasing staff as the business receives regular inquiries for their service which they do not pursue because they are operating near capacity and the owner is not interested in expanding.
Financing:
Seller is willing to finance some of the selling price to a qualified buyer. Term neg
Support & Training:
Seller will provide 2 weeks of training included in the sale immediately after closing, though additional time is negotiable.
Reason for Selling:
Retirement
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John Coto

Business Listed By:
John Coto

Alliance Business Brokers, LLC

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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