Established Commercial Cleaning Services Company
Location New York,United States
Asking Price Range $250K - $500K
Gross Revenues $950000
Net Profit / Cash Flow $182000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1977
Number of Employees 35 - 49
Relocatable No
Number of Employees 35 - 49
Real Estate Leased
Training The owners will provide 90 days transition support. Longer term support is negotiable.
Reason for Sale Retirement.
Description This successful commercial cleaning services business has a diversified base of commercial, banking and medical customers. They support locations from 1,000 to 80,000 square feet and cover a wide geography in New York State. The company has a strong reputation for quality and service that has resulted in high customer and employee retention. This is demonstrated by the high tenure rate of their employee base, the low complaint rate from customers and consistently high satisfaction scores. This is a significant advantage considering that this is an industry wrought with quality issues and high employee turn over.
The company has been in business for more than 25 years and has grown steadily during that period of time. Growth has been controlled and the owners have been conservative in their growth strategies. There is demand for growth from current customers that is not being fulfilled as the owners have chosen to keep the demands manageable for them and also as they have started to manage their demands in preparation for retirement.
This market will continue to grow as the commercial real estate market continues to grow. Unlike the general housing market, commercial real estate is expected to continue to post gains.
This is a highly diversified and competitive market. There are few large players and many small operations; 2,600 in New York State alone. This is a price competitive market that favors small, leaner operations. Property management firms constantly seek providers who can remove the pain and aggravation of delivering facility services. Contact for more information on this Commercial Cleaning company for sale.
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