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- RE: Unique White Glove Cleaning/property Management Co
- Contact: Jill Verbin
Quick Facts
| Asking Price: | $599,000 | |
| Annual Revenue: | $909,500 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $230,122 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1990 | |
| Employees: | 5 | |
| BBN Listing #: | 954179 | |
| Broker Reference #: | 3893 |
Business Overview:
This is a unique white glove cleaning and property management services business located in Palm Beach County, Florida. The business currently has forty-nine (49) homes under management for high-net-worth clients. The business routinely provides cleaning, maintenance, and other services for these homeowners. In addition, if the home is in need of an exterior or interior upgrade or repair requiring the work of a licensed general contractor, the business has a relationship with two firms that are engaged to provide these services.
The owner is willing to stay for an extended period to ensure a smooth transition depending on the needs of the Buyer.
YTD July 2024 Gross Revenue $563,365 and NOI $103,925
YTD July 2023 Gross Revenue $376,709 and NOI $ 78,916
Note: Earnings dropped in 2022 due to owner illnesses.
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Market Competition and Expansion:
Market is considered strong by the Business Reference guide. at 3.6 of 4.0 for growth. More and more homeowners are looking for services to maintain property as they age. Aging and high net worth owners is a key feature of parts of Florida. A plan to expand into more areas with a targeted marketing campaign could add to the business opportunity.
Owner has maintained log-term relationships and not engaged in any kind of marketing. There is an opportunity to expand the business through marketing and establishment of a website. Also landscaping and pool management services could be included in services provided with a strategic relationship with a landscape and/or pool services company as an opportunity to add to profitability.
Reason for Selling:
RetirementAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity
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