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Businesses For Sale   >>   Accounting Businesses For Sale   

Janitorial Maintenance & Cleaning Supply Business

Location  New Jersey,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $865000
Net Profit / Cash Flow  $200000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1921
Number of Employees  1 - 3
Inventory  85000 Equipment Only
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  The seller will remain post closing and will supply a long term transitional period.
Reason for Sale  Retiring after many years of success into this particular industry.

Description  
This Company originated in 1921 and offers a full line of Janitorial, maintenance and cleaning supplies to the general public and contractors. The business also sells and repairs commercial and residential cleaning equipment representing a substantial mark up to the owner. Owner retiring after many years in this family owned retail / wholesale company which is a leading distributor of Janitorial supplies in Northern NJ. The company also offers sales and maintenance services for residential and commercial new, used and rebuilt vacuums and house hold cleaning equipment. The company is also an authorized Electrolux service center for this portion of NJ. The company has a gross yearly income of $865,000 and a yearly net income of $200,000 to the owner operator. The company sales consists of 85% retail, 15% wholesale accounts, 25% represents delivery and sixty five percent of the sale represents janitorial supplies. The business has inventory value of approximately $85,000, offers a thirty day payment to its commercial customers and receivables average approximately $75,000. This six day operation is located on an active commercial avenue with a long lease and moderate rent cost. The business does minimal advertising and no web site, which if instituted can substantially improve the business growth. The sale includes a delivery vehicle, accounting software, shelving, counters, including various equipment required for this particular industry. The building has a capacity for 55 customers consisting of 3,000 square foot, on one main floor with a full basement. This retail business presently has two employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll is approximately $10,000. This business location has substantial private and municipal parking on the site and part of the commercial lease. The business is operational six days weekly with hours from 9:00 am to 5:30 pm.


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