Asking Price: $655,000Successful Cleaning Biz, 42% Proj. ROI*, Appraisal
Bellevue, WA
Not disclosed
THIS IS A VERY PROFITABLE, well-established independent cleaning/maid service business, set up for executive ownership. This is a solid and consistent business with a 4 year upward trend in sales! This particular business runs a much easier business model than regular businesses of this type making the internal office structure super simple. The fact that you can do $1,000,000 in sales with only 3 people in the office is outstanding!! As a person who’s owned multiple businesses, with hundreds of employees, this is like the ‘holy grail’ of labor requirements/business ownership. And of course, by extension (less labor) the profit margins tend to be better than the normal business model for a cleaning business. Note: this is not an absentee business. Buyers must be able to work 30-40 hours a week or have your partner or a family member in the business working 30-40 hours a week.WHAT WE DO…We clean homes and offices…BUT this is essentially a highly scalable, senior level management/staffing business. It is not sexy, and perhaps it is not cocktail party fodder, but it can make you great money and is the perfect lifestyle business! Owners do NOT clean the homes - We use experienced teams to clean and work in the homes and we do a ton of them! This is a recurring cash-based business, No accounts receivable, and No inventory. The business has a high customer retention rate - Keeps from needing to chase new customers. The Monday-Friday 8-5 p.m. work week makes this the perfect lifestyle business that lets you have your weekends and holidays to yourself and for your family. The business model is turn-key and simple. Attractive return on effort. Family-friendly working hours. Repeat customers who generate multiple recurring revenue streams.POSSIBLE DEAL STRUCTURE AND RETURN ON YOUR INVESTMENT (ROI):• Projected ROI of 42%! (Return on Investment or your return on injected capital /down payment year after year)• Total purchase price: $655,000 (*Appraised Price)• Down payment: $130,000 (20%)• Current SDE (cash flow of the business/what the business makes in earnings): $229,850• Amount financed: $525,000• Debt service per year (annual note payment): $85,009 (10 years at 10.50% apprx.)• SDE less debt service: $144,841• Assume - New owner to pull $90,000 a year out of the business in wages.• Remaining SDE (cash flow) AFTER owner wages and paying annual debt service: $54,841. So even AFTER paying your debt service and taking out $90,000 in a wage, you should still have $54,841 to do with as you wish, pay down the debt early, take it out in total wages, or go to Vegas!• Annual return of investment on your injected capital/down payment each year is 42%: A great year in the stock market would be 15% to 20% and the average is about 7%. The assumption is that you do actually work in the business. Clearly in the stock market you would not be working in the company you held stock in.• This scenario does not include working capital• Important: Do not take our word for it on the investment information, call and meet with your accountant and make sure he/she agrees with the outline above. Do not make any financial investment into this business where your money could be at risk until you agree with your financial advisor’s opinion and are comfortable with the presented numbers from the seller.*APPRAISED PRICE:The owner had an APPRAISAL completed on the business. The price listed is the Appraised price. It is Not an ‘asking price’.The sale is confidential which is why we are not publishing sensitive financial information or the name. Information provided to qualified buyers with NDA in place*. All information, financials, appraisals, etc. must be verified with the seller and buyer's own professional independent advisors, CPA, etc.CONTACT us for the Non-Disclosure Agreement. We will email the short online NDA soon after we receive your inquiry. Be sure to check your spam folders if you do not see our email in your in-box.