Janitorial Services- Commercial Accounts

Price: $398,000

Location: Gloucester County, NJ

Industry: Service Businesses

Listing ID: 01202021

SBA Pre-approved Financing!

This is a well-established, profitable home based commercial cleaning business. This Janitorial business was established in 1995 by seller. The business grew and was incorporated in 2003. It has been successfully run by the same owner for the past 26 years. This business serves South Jersey and is well-positioned for strong growth in the commercial cleaning industry as well as potential expansion into residential cleaning and disinfecting services not presently offered. Given the far reach the company has as a home based/mobile business as well as a steady increase in demand for both residential and commercial cleaning services, this already profitable company can benefit greatly from new growth strategies and marketing to grow sales to a much higher level if desired. There is excellent opportunity for growth in this industry not only with commercial, industrial, and residential cleaning services but especially for disinfecting services related to Covid-19. The business has many established commercial accounts with repeat service on a daily, bi-weekly, weekly, or monthly basis. All service work is handled by some full time but mostly part time employees. Owner handles business management, scheduling and bidding and after a successful run, is looking to retire.
For more information, please contact Paul Vassallo, Business Broker with Inbar Group, Inc. via [email protected] or 917-763-9725.

Finance
-SBA 7(a) up to 80% financing Pre-Approved
-Up to 10 Year Term
-For qualified buyers, subject to bank review

• Asking Price: $398,000
• Annual Cash Flow: $146,000
• Gross Revenue: $453,455.79
• Inventory at Cost: $1,000
• Employees: 4 FT 20 PT
• Payroll: $15,670
• FFE: $35,000
• Established: 1995
• Reason for Selling: Owner looking to retire. Will assist with transition as necessary.

Listing Details

Gross Revenue: $453,456

Cash Flow: $146,000

FFE: $35,000

Inventory: $1,000

Reason For Sale:

Owner looking to retire.

Training & Support:

Will assist with transition as necessary

Operation

Year Established: 1995

Non-Owner Payroll: $15,670

Employees: 4 FT 20 PT

Summary

Potential Growth:

Plenty of room for potential growth and expansion.

Financing/Terms:

Finance

-SBA 7(a) up to 80% financing Pre-Approved

-Up to 10 Year Term

-For qualified buyers, subject to bank review