RETURN TO RESULTS

Janitorial and Carpet Cleaning Company (Connecticut)

Location: Vernon Connecticut

ID: (#200676)

200676
Price:$150,000
Revenue:$170,000
Cash Flow:$80,000
FF&E (Assets):$97,000
Inventory:$500
Real Estate:$0

Overview

Growing and profitable. Take advantage of this well ran and scale-able company.

Owner is currently working about 5-10 hours a week.

Company was originally founded in 2015 with the initial strategy to pick up small house and office accounts as a side business. Owner has continued to get more customers and, in the spring of 2017, bought out a competitor, and invested in new equipment such as a cargo van as well as newly hired employees to keep up with demand.

Most of this growth was propelled by word-of-mouth and online advertising, cemented by company's ability to offer premium customer service and a higher quality clean than competitors. In fall of 2019, company purchased equipment to expand into carpet cleaning, floor care, and tile/grout cleaning and has trained employees to handle most facets of the business so the owner can primarily focus on acquiring new contracts.

Details

Reason for Selling:

Established:

2015

Employees:

3

Furniture, Fixtures, and Equipment (FF&E):

All assets are included, however, the company recently purchased a new truck and installed a new truck-mount extractor and carpet cleaning equipment to grow his carpet cleaning segment. Seller is willing to discount the sale of the business and retain the asset and keep the carpet cleaning business himself if the buyer only wants the janitorial.

Facilities:

Leased facility.

Opportunities for Growth:

Carpet Cleaning / Tile & Grout The Company has gained notable market share among commercial cleaning companies in the eastern CT area, and with its current sales growth rates (over 100 percent on average per year) and reputation, this business will acquire additional market share. The carpet cleaning, and tile/grout equipment that ownership purchased in 2019 is in excellent condition and is well on its way to becoming a crucial driver for growth. These services have better profit margins than janitorial and house cleaning services do. On average the Company charges around $150/hour for carpet cleaning, and $250/hour for tile & grout. Total labor expenses for both of these services amount to $25/hour.

Support and Training

Seller more than willing to help transition

Broker Contact Information

  • Alex Hart
  • Idaho - Idaho Falls
  • 1208390007 Mobile
  • (208) 401-9523 Office
  • (208) 248-5610 Fax
  • By Appointment Only
  • Bristol Group
  • Idaho - Idaho Falls
  • By Appointment Only
  • 333 W. 49th S.
  • Idaho Falls, Idaho 83404
  • Real Estate Broker: Bristol Group