COMMERCIAL AND DOMESTIC CLEANING COMPANY INCLUDING A FLEET OF ELECTRIC AND HYBRID VEHICLES. The business was established twenty years ago and has been operated by our client continuously. It now comes to market for the first time as the vendor wishes to retire. The business provides professional, commercial (80%) and domestic (20%) cleaning services to industry and commerce throughout Norfolk and Suffolk, but predominantly in Norfolk.
The company is both ISO9001 and ISO4001 accredited and enjoys a high reputation for the quality, standards and ethically responsible attitude of its workforce.
There are many long-term contracts in place, many blue-chip and constantly expanding through client recommendation and referrals. The vendor is running this easily manageable business with a high degree of attention to detail, ensuring maximum profitability and I am sure prospective purchasers will not fail to be impressed with the quality, sheer integrity and professionalism of the way this concern is run. OUR REF: RX------ - M6725N
Premises
The business operates from a well-located unit and benefits from a selection of hybrid cars and vans. Ten electric charging points have recently been fitted to serve the fleet of electric cars and vans. The premises consist of a reception area, boardroom, large storage area and WCs on the ground floor, with offices, further storage and a kitchen on the first floor. The whole unit has been refurbished and is presented in excellent condition.
Trading Hours
Twenty-four hours per day, seven days a week.
Staff
In the office, the staff are made up of the vendor, operations manager, an assistant and an administration manager. All financials are undertaken by the accountants. There are approximately 120 employees on the various sites. The vendor is willing to stay on for a handover period if required.
Turnover
For the year ended August 2022, the turnover was in excess of £1.2 million with a net adjusted profit in excess of £300k. The half year to the end of February 2023 shows an increase in turnover that, when extrapolated, indicates turnover for the full year to be in the region of £1.5 million, with the net profit rising accordingly to show a probable £1.5 million with an adjustment to the net profit proportionate and showing a similar increase.
Business Rates
Currently zero business rates, but were circa £5,000 per annum.
Tenure
New lease available.
Summary
What a great business! This highly profitable concern will make a handsome addition to the portfolio of any experienced cleaning company. With many long-term contracts in place, this is well worth a look as it is keenly priced to sell.
The vendor is willing to stay on for a handover period if required.
Disclaimer
Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.
