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Commercial Janitorial Service - 27 years - Retirement Sale - LA County
Business Description
Highlights of the business are:
- 27 year history with a great reputation!
- High recurring revenue from many long term customers!
- Diversified customer base includes medical offices, churches, schools, and various businesses and non-profits!
- 27 year history with a great reputation!
- High recurring revenue from many long term customers!
- Diversified customer base includes medical offices, churches, schools, and various businesses and non-profits!
- Majority of customers are in LA county, with a few in OC! Business location has easy access to 405 and 110 fwy!
- Company offers a full array of cleaning services including sanitization!
- Assets includes 4 vehicles and all necessary cleaning equipment!
- Well trained team of 26 full-time and part-time employees (W2, non-union) includes an experienced Supervisor and Office Staff!
- Owner only works about 20 hours a week in the business!
- Company founder wishes to retire after many successful years and leave the business in good hands!
This is a great opportunity for another janitorial company seeking to expand, for someone in a related industry that wants to diversify into this high-recurring revenue niche, or for an individual entrepreneur looking for a start!
Note: Advertised Revenue and Seller Discretionary Earnings (SDE) figures are based on the Seller's 2021 forecast. The forecast assumes ZERO new business, and assumes that existing customers ramp up service to pre-covid levels starting in June 2021.
In 2019, the company did $2,675,081 in gross revenue, with $530,644 in SDE.
In 2020, the company did $919,377 in gross revenue, with $58,715 in SDE.
Act quickly, since this won't last!
- Company offers a full array of cleaning services including sanitization!
- Assets includes 4 vehicles and all necessary cleaning equipment!
- Well trained team of 26 full-time and part-time employees (W2, non-union) includes an experienced Supervisor and Office Staff!
- Owner only works about 20 hours a week in the business!
- Company founder wishes to retire after many successful years and leave the business in good hands!
This is a great opportunity for another janitorial company seeking to expand, for someone in a related industry that wants to diversify into this high-recurring revenue niche, or for an individual entrepreneur looking for a start!
Note: Advertised Revenue and Seller Discretionary Earnings (SDE) figures are based on the Seller's 2021 forecast. The forecast assumes ZERO new business, and assumes that existing customers ramp up service to pre-covid levels starting in June 2021.
In 2019, the company did $2,675,081 in gross revenue, with $530,644 in SDE.
In 2020, the company did $919,377 in gross revenue, with $58,715 in SDE.
Act quickly, since this won't last!
Detailed Information
- Location:
- Los Angeles County, CA
- Inventory:
- Included in asking price
- Real Estate:
- Leased
- Building SF:
- 1,305
- Employees:
- 26
- Furniture, Fixtures, & Equipment (FF&E): $111,500
- Included in asking price
- Facilities:
- 1,305 sq ft location in an industrial complex. Buyer can take over the lease, or they may also relocate the business if they choose.
- Growth & Expansion:
- Many opportunities for growth are available. Seller is currently not doing any proactive marketing. Seller purchased a new vapor cleaning machine which could be used for several niche jobs, but has barely marketed it. A Buyer with good Sales and Marketing background can take the business to new heights!
- Support & Training:
- Seller will help ensure a smooth transition to the Buyer.
- Reason for Selling:
- Retirement
Listed By: Vinil Ramchandran
Background information
Reference:
VR118
Year established:
1994
Reason selling:
Retirement
Finance
Sales:
$1,196,862
Profits:
$241,397
Profit type:
Discretionary Earnings
Operations
Employees:
26 (Full-Time & Part-Time) Includes an experienced Supervisor.
Premises
Square footage:
1305
Location:
LA County - Convenient access to 405 and 110 fwy
Opportunities
Market:
Mostly LA County, Some OC
Price and terms
Price:
$475,000