$95,000
Business Type: Cleaning / Janitorial Service
Cleaning / Janitorial Service
This specialized cleaning service has been in business since 2008. The business has working agreements with multiple Property Management Firms to clean and prepare apartments during an ownership transition. Thirty-four separate apartment complexes make up the service footprint for the business, amounting to over 6,000 apartments with an average of 250 – 300 cleaning jobs per month. The area this business operates in has a military presence and is a resort area. Both of those factors make up some of the transitory need for folks entering and exiting the market.
Discretionary earnings or cash flow for 2020, the pandemic year was $36k. However, the average cash flow for the business is approximately $60k. This year, 2021 is approaching normal operating numbers.
Seven employees support the operation with one office manager and coordinator. Currently, and as of COVID, the business has converted to home based, and each of the employees have the necessary equipment and dispatch from their homes directed by the coordinator. The owner oversees the day-to-day operation and interfaces with the property managers. This business, like many, started small and has continued a growth trajectory since day one. The significance here is that the owner is aware of what continued growth will look like and how to go about it. All that information will be readily shared with an incoming buyer. In addition, the owner is prepared to offer an adequate transition plan for a new owner entering the fold.
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