Commercial Parking Lot Sweeping & Property Maintenance Contractor.
This is the largest commercial parking lot sweeping contractor in the Southeast US. More than 200 active customers and 160 employees, servicing Florida, and Georgia, Alabama and South Carolina. The client list includes highly desirable names like Costco, Wal-Mart, K-Mart, Home-Depot, Regency, CBRE, Cohen, and many other solid names.
More than 80% of revenues are recurring. Key services include Parking Lots Sweeping, Porter Services, and General Maintenance of Commercial Properties. The asking price includes $1.5M of current Accounts Receivable, by means of working capital.
The General Manager is willing to stay, in which case the "owners’ salary" should not be added back. All prospective buyers must provide BIO/Portfolio and proof of financial capability.
SBA buyers will need at least $500k in additional liquidity after injection, direct/translatable industry and management experience, and pre-qualification by the same lender that pre-qualified the business.
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