The company is a semi-absentee-owned, well-established pavement-parking, horizontal surface sweeping, slab cleaning, and water removal business serving property management, real estate owners and construction companies.
The customers are primarily large companies and include warehouse leasing, landfills, and construction (industrial, highway, warehouse, manufacturing, commercial or multifamily). In 2023, the business will have ~60 active customers, with the top 10 customers accounting for approximately ~65% of sales.
NOTE: Seller REQUIRES that Prospective Purchasers have relevant or transferable industry experience such as pavement sweeping, pressure washing, cleaning, construction, contracting or mechanical services.
NOTE: Seller REQUIRES that Prospective Purchasers have relevant or transferable industry experience such as pressure washing, exterior cleaning, construction, contracting or mechanical services.
Services primarily involve cleaning or removing dirt or water on horizontal surfaces such as parking lots, streets, and interior concrete slab surfaces (such as warehouses or newly constructed buildings).
The company can sweep inside or out, large or small areas.
They have:
a) large commercial street sweepers for heavy dirt inside on slab or outside on pavement,
b) air sweepers for water removal from slab,
c) floor scrubbers for white glove finish on slab, and
d) water cannon service to prepare pavement for paint striping.
The company's 4 well-trained and long-tenured employees run all day-to-day operations.
The owner's role is mostly phone work and relates to scheduling and estimating. The owner occasionally assists with scheduled operations work when needed (estimated at 5 times per month). The owner takes 7 to 14 vacation days monthly and averages ~20 hours per week.
This can be eliminated by adding an employee and growing-offsetting with increased sales.
The owner feels that there are many growth opportunities for an aggressive new owner. The company advises that there are few contractors in the sweeping industry in the DFW marketplace.
The business operates as a word-of-mouth “niche business." Adding sales personnel could rapidly improve growth. The business is only running at 25–50% capacity. Capacity can be significantly increased by adding equipment and operators.
The owner plans to retire. The owner represents that the business has excellent books & records and can prove all sales & expenses.
Purchase Price: The asking price for the assets of the business is $2,000,000, with a $400,000 cash down payment and the balance financed as an SBA7(a) loan.
If required by a commercial lender, the seller will consider financing up to 10% of the price to a purchaser qualified/approved by the seller.
All financing is to be personally guaranteed by the individual principals of a prospective purchaser. The seller prefers to sell for all cash.
The assets include inventory at a cost of $0, accounts receivable valued at $268,000, and FFEV (furniture, fixtures, equipment, and vehicles) valued at $1,000,000.
The price will be increased or decreased for actual inventory, work in progress (WIP), and accounts receivable as of the sale date.
NOTE: All statements, figures, and values are subject to a prospective purchaser’s due diligence.
KEYWORDS: vacuum suction, surface storm water removal, concrete construction cleanup, makeready cleaner, demolition, trade contractor, emergency maintenance sewer debris flushing, sealing highway roads, selling my street parking sweeper-scrubber business for sale
