Janitorial and Commercial Cleaning Services – Recurring Clients

Inventory: Included in asking price
Real Estate: Leased
Building SF: 2,200
Lease Expiration: N/A
Employees: 32
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
EBITDA:$180,123
Rent:$1,200
Established:2011

General Information

This Greater Los Angeles based commercial cleaning and janitorial company has an ideal client base comprised of 60+ home owners associations (HOAs), which are recurring and represent 95% of the revenues, and commercial accounts. The company’s services include interior and exterior janitorial, window washing and COVID sanitation and disinfecting. The company services clients from Orange and Los Angeles Counties to the western portions of Riverside and San Bernardino County.

Facilities:

The business is located in a 2,200 square foot office park based office warehouse that leases for $1,200 per month including common area maintenance (CAM) on a month to month lease. They have 2 full-time staff (2.5 are administrative) and 30 part-time. The business has 2-3 vehicles that will be included in the sale; while the owner will maintain their personal ones. All of the company’s furniture, fixtures, equipment and goodwill will be included in the sale as well as an estimated $120k in accounts receivable.

Competition:

While competition certainly exists in this popular service segment, this company has managed to continue to grow year over year. In fact, it has thrived during the COVID19 crisis.

Growth & Expansion:

Additional growth opportunity remains within its core client bases, and with its traditional as well as expanded services offerings. In fact, the company has experienced some of its greatest growth in its highest margin business segments. Undoubtedly, new management will be able to couple this firm’s service offering and client base with its own interest to expand in both areas.

Financing: Not offered but a small secured carry may be considered.
Support & Training: Seller will train for 2 weeks at 20 hours per week.
Reason for Selling: Personal

Total Sales: $1,722,092

Cash Flow: $325,756

FFE: $30,000

Inventory: $5,000