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Janitorial Services Business For Property Management Companies For Sale

Omaha, Nebraska
Asking Price:
$362,500
Sales Revenue:
$1,153,504
Cash Flow:
$107,036

This Omaha franchise location for building maintenance management had over $1M in gross sales during 2016 – a 20% increase from 2015 and 53% increase from 2014. Specializing in subcontracting out to small cleaning outfits, this business currently works with 20 crews cleaning 85 – 90 buildings each week. The franchise model works to grow businesses for subcontractors by managing sales and advertising, as the franchise is NOT a cleaning company but strictly management. It’s a way for small teams to gain new business without having to devote time to growing the business.

As the only franchise location in Nebraska, clients across the Omaha Metro are served on both sides of the river. Services include interior and exterior cleaning. There are 4 full-time employees working 9am to 5pm in the office, either in sales or management. Currently there are 20 subcontractors, each in charge of their own crews. Payment is issued monthly based on the number of buildings that have been cleaned, and contractors oversee their own insurance and most of their equipment needs.

The current owner purchased in 2013 and has dramatically increased sales by over 50%. However, the seller’s main business has also grown and requires much attention. A buyer skilled in sales and management should be able to grow the business to over $3M in sales, which is common for many franchise locations.

Property information

Real Estate:

Lease

Location:

Location and Service Area: Serving Douglas & Pottawattamie counties

Premises Details:

$9,400/year for 800 sq. ft.

Business Operation

Expansion Potential:

Increase sales – many franchise locations gross $3M in sales with the top earning $11M

Reasons for selling:

Owner’s main business is growing

Trading hours:

9am – 5pm, Mon – Fri for office; cleaning done between 6pm and 5am

Employees:
4 – Facilities Service Manager, Night Manager, Cleaner (for a specific account), Sales Executive; additionally, there are 20 subcontractors with their own crews
Years established:
2007

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

90 days

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Purchase Price: $362,500
10% Buyer Down Payment: $36,250
10% Seller Financing: $36,250
80% Bank Loan: $290,000

A 10% down payment of $36,250 would yield a first year’s profit of $70,679 after debts. This represents a 195% return!

Related Documents:

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