Business Summary:
Location: South East EnglandAsking Price: £170,000 Inc. Net AssetsBusiness highlights include:Turnover 2022/23 over £430,000 p.a.Gross profit over £200,000 p.a.EBITDA £70,000 p.a.Net assets circa £20,000Excellent client base with repeat businessSuperb profit margins Loyal experienced and trained staffContracted Commercial workFull range of accredited servicesBusiness Profile:The company was originally founded in 2006 to provide commercial contract cleaning and specialist cleaning services in London and the South East of England.The company prides itself on being a professional, reliable, and competent commercial cleaning company covering London and the South East specialising in post build and sparkle cleaning in new builds and refurbishments including residential dwellings, schools, colleges, retail, and hospitality. They also carry out external cleaning to windows, frames, curtain walling, solar panels and brise soleil. All company operatives and supervisors have a green CSCS card with several Senior Supervisors holding a SSSTS certificate. The company also have operators with IPAF and PASMA tickets.The company has a comprehensive Health & Safety policy and holds the CHAS accreditation as well as being members of Construction Line and Builders profile. They always have a working supervisor on site.The business is well structured with an excellent and consistent trading history and repeat client base showing continuous profit. There is enormous potential to grow the business further and to add additional specialist services.There are 16 members of staff employed by the business, including management, supervisors and mobile operatives.ServicesPost Build CleanThe company has built a formidable reputation for post build cleaning and this is their specialist area of focus. They provide internal and external post build cleaning services to commercial and residential projects.Commercial CleaningCommercial Deep CleaningHard Floor Deep Cleaning and MaintenanceCommercial Window CleaningIncluding Water fed pole system, Cherry Picker and Scissor Lift Cleaning for a range of clients from offices, retail units, leisure centres and schools.End of Tenancy CleansThorough cleaning services including internal and external windows, carpets and upholstery, deep clean and degreasing, descaling, oven cleaning, hard flooring, woodwork, sockets and cobweb removal.Carpet and Upholstery CleaningServices provided to pubs and restaurants, offices, retail spaces, leisure centres, doctors and dental surgeries, vets surgeries, hotels and guest houses, care homes, sports and social clubs and housing associations.Clients:The business has a large and loyal client base ranging from office, retail, hospitality, health, schools, leisure centres and residential management companies.Technology:All necessary equipment is in place required to run a successful contract cleaning services business. A full inventory of equipment is available to all interested parties.Key Strengths:Reputation for specialist post build cleaningExperienced loyal and referenced staff Great reputation with excellent reviewsWebsite with online quoting Repeat CustomersFully insured and accredited (CHAS, SMAS Worksafe)Advertising:The business engages in local press advertising and has profited from strong word of mouth referrals and recommendations as well as some targeted SEO campaigns specifically for end of tenancy cleaning and commercial window cleaning.The business has an excellent relationship with their website provider and significant traffic and enquiries are generated through this.The company website is content rich and they have a social media presence with positive reviews and client testimonials.Employees:The business is supported by 16 part and full time staff including:2 Directors1 Operational supervisor (3 days per week)1 Office Clerk/finance/credit control (1 day per week)3 Supervisors6 Contract Cleaners3 Sub Contract CleanersPremises:The Directors operate the business from an office at their home address. Financial Information: The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. The business has achieved a history of excellent turnover and profits consistently over 5 years. Turnover to 31st March 2023 £434,995Gross profit circa £214,237Net profit circa £67,496The Asking Price of £170,000 is for 100% of the issued capital of the company. The Net Asset Value is included in the asking price and is currently calculated at circa £20,000 but will be confirmed in detail on completion. A £ for £ adjustment will be made to the asking price for any amendments to the net asset value at the date of completion.A complete asset list is available.Reason for Sale:This is a retirement sale.Support and Training:The existing director’s and shareholder’s will provide full support during the transition period following sale.
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