Well-Established Cleaning Service with 9 Years and VIP Accounts
Business Description
Well-Established Cleaning Service with 9 Years and VIP Accounts
This profitable cleaning service represents a turnkey opportunity to acquire a reputable company serving the Newark, NJ market. Established in 2016, the business has built a solid foundation with 9 years of continuous operations and maintains valuable VIP client accounts.
Financial Performance (monthly)
• Cash Flow (SDE): $140,000
• EBITDA: $27,000
• Strong cash flow generation with 78% SDE margin
• Weekly client billing with 30-day payment terms
• Accounts receivable: $130,000
Business Assets:
• Furniture, Fixtures & Equipment valued at $10,000
• Inventory value of $3,000
• Established customer base with recurring revenue model
• Well-positioned in growing Newark market
Market Advantages:
• Strategic location near Newark Liberty International Airport (EWR)
• Market growth driven by major events including FIFA World Cup activities
• Northern New Jersey proximity benefits
• Established client relationships and crew in place
Growth Opportunities:
• Expand through dedicated sales representative hiring
• Pursue new commercial contracts
• Leverage market growth trends
• Scale operations in high-demand region
Owner Support:
• Comprehensive 10-20 day transition period
• Personal introductions to clients and crew
• Operational guidance during handover
Financing Options:
• Seller financing available
• Asking price: $420,000
The owner is retiring after successfully building this profitable enterprise. This represents an excellent opportunity for an entrepreneur seeking an established business with strong cash flow, loyal clientele, and significant growth potential in a thriving market.
Ideal for buyers with management experience looking for a stable, profitable business with expansion opportunities in the commercial cleaning sector.
This profitable cleaning service represents a turnkey opportunity to acquire a reputable company serving the Newark, NJ market. Established in 2016, the business has built a solid foundation with 9 years of continuous operations and maintains valuable VIP client accounts.
Financial Performance (monthly)
• Cash Flow (SDE): $140,000
• EBITDA: $27,000
• Strong cash flow generation with 78% SDE margin
• Weekly client billing with 30-day payment terms
• Accounts receivable: $130,000
Business Assets:
• Furniture, Fixtures & Equipment valued at $10,000
• Inventory value of $3,000
• Established customer base with recurring revenue model
• Well-positioned in growing Newark market
Market Advantages:
• Strategic location near Newark Liberty International Airport (EWR)
• Market growth driven by major events including FIFA World Cup activities
• Northern New Jersey proximity benefits
• Established client relationships and crew in place
Growth Opportunities:
• Expand through dedicated sales representative hiring
• Pursue new commercial contracts
• Leverage market growth trends
• Scale operations in high-demand region
Owner Support:
• Comprehensive 10-20 day transition period
• Personal introductions to clients and crew
• Operational guidance during handover
Financing Options:
• Seller financing available
• Asking price: $420,000
The owner is retiring after successfully building this profitable enterprise. This represents an excellent opportunity for an entrepreneur seeking an established business with strong cash flow, loyal clientele, and significant growth potential in a thriving market.
Ideal for buyers with management experience looking for a stable, profitable business with expansion opportunities in the commercial cleaning sector.
About the Business
- Years in Operation
- 9
- Employees
- 60 (40 Full-time, 20 Part-time)
Well-structured team of responsible, competent, and long-tenured employees • Ex - Facilities & Assets
- Rented office space 380 sq feet, at the heart of ironbound Newark, 3 desks with a desktop computer and an industrial vacuum.
- Market Outlook / Competition
- Market is on the rise due the fifa World Cup and many more major events at northern jersey. Also due the proximity to EWR.
- Opportunities for Growth
- Hiring a sales rep, looking for new contracts and compite with the market.
About the Sale
- Seller Motivation
- Retirement.
- Transition Support
- Commitment to 10 to 20 days of transition. Introduction with clients and crew.
- Financing Options
- Clients pay weekly with 30-day terms • Accounts receivable: $130,000 • Debt-fr
Listing Info
- ID
- 2414168
- Listing Views
- 15
Listing ID: 2414168 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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