COMMERCIAL CLEANING BUSINESS
COMMERCIAL CLEANING BUSINESS
Price: $330,000
Location: CAMBRIDGE
Listing ID: 20230626
Listing Status: Sold
This company has been providing cleaning services to various businesses throughout the Kitchener/
Waterloo region for over 30 years. It is a strong, independent business with long-term customers and a fully trained workforce. Since 1992 it has continued to build a solid reputation and competes on the basis of service, not price.
The company has developed a considerable, diversified Client List with well-paying customers and the company is profitable, there are no seasonal fluctuations and consistent monthly sales are abundant.
Total Sales: $627,000
Cash Flow: $162,000
FFE Included: Yes
Reason For Sale:
Owners are retiring.
Training & Support:
The owner will stay to transition to a new owner for one month at 20 hours per week. An additional 3 months of support, if required, could be available with salary to be negotiated. A new owner could take the opportunity to expand service offerings to include Residential cleaning and Property Maintenance.
Year Established: 1992 incorp. 2001
Owner Hours Per Week: The owner presently works 20-25 hours per week, dealing with customer and employee concerns, delegating tasks, and occasionally assisting the team with new projects and in busy periods. He performs site inspections, hires staff, coaches, motivates, and inspires. A manager could be hired to do this but ideally there should be a hands-on owner.
Employees: 23
Potential Growth:
The company could expand into surrounding cities such as Brantford, Stratford, Woodstock and services could very easily be expanded to include Residential cleaning and/or Property Maintenance.
Adding a targeted Marketing Initiative would be an excellent growth builder and creating a company website and a digital marketing campaign would be very advantageous.