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This Business has been Sold!
Closing Date: 12/31/2018
Business for Sale Summary

Commercial Office Cleaning Company - Home Based - 31523

Business Type: home-based business,other business services,professional services,salvage/recycling/waste management,cleaning services
Sold
Commercial Office Cleaning Company - Home Based
On December 31st 2018, The Undersigned
Acted as the Advisor to the Deal
Melvin L. Vaz
Melvin L. Vaz Senior Broker
Servicing: All of NY
All of NJ
All of CT
All of MA
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $199,000 Down Payment $199,000
Gross Revenues $485,000 Lease Remaining Register Free to View
Owner’s Cash Flow $105,000 Number of FT Employees Register Free to View

Financing

$199,000 Down and None.

Business Description

Commercial Office Cleaning Company - Home Based. Great upside with low overhead. This business was established in 2010. The owners have decided to sell due to an amicable partnership split. They currently service over 70 clients (with some under contract) primarily in Middlesex County. THIS IS NOT A FRANCHISE so you can expand that territory. Clients are primarily private schools and professional offices. That makes up 98% of the business. There are less than 5 residential accounts. There are 24 cleaning employees (all W-2). All employees have regular accounts that they service. They know when and where they need to be. They use their own vehicles and cleaning supplies are stored at the clients offices. THE BUSINESS IS FULLY BONDED AND INSURED. The current owner spends his days providing quotes, general management and customer care from the comfort of a home office. They do minimal advertising for new accounts as the owner is involved with some other projects. In the past year the business grossed approx. $485,000.00 with a net income of approx. $105,000.00. THESE ARE VERIFIABLE FIGURES. The owner will stay on for a training and transition period. There is tremendous upside in bidding on municipal jobs, expanding marketing and bringing some services in-house. For example, this company offers stripping, waxing and carpet cleaning, but those jobs are subcontracted out for relatively low margins. You can bring those services in-house and fatten your bottom line. We are seeking a serious and qualified buyer with at least $199K in liquid funds. To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. AS THIS IS A HOME BASED BUSINESS, ALL MEETINGS MUST BE MADE BY APPOINTMENT ONLY.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.