Asking Price: £170,000 Inc. Net Assets
Business 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 £20,000
Excellent client base with repeat business
Superb profit margins
Loyal experienced and trained staff
Contracted Commercial work
Full range of accredited services
Business 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 specializing 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 an STS certificate. The company also has operators with IPAF and PASMA tickets.
The company has a comprehensive Health and safety policy and holds the CHAS accreditation as well as being a member of the 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.
Services
Post Build Clean
The 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 Cleaning
Commercial Deep Cleaning
Hard Floor Deep Cleaning and Maintenance
Commercial Window Cleaning
Including Water pole systems, Cherry Pickers, and Scissor Lift Cleaning for a range of clients from offices, retail units, leisure centres, and schools.
End of Tenancy Cleans
Thorough cleaning services include internal and external windows, carpets and upholstery, deep cleaning and degreasing, descaling, oven cleaning, hard flooring, woodwork, sockets, and cobweb removal.
Carpet and Upholstery Cleaning
Services are provided to pubs and restaurants, offices, retail spaces, leisure centers, 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 centers, 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 cleaning
Experienced loyal and referenced staff
Great reputation with excellent reviews
A website with online quoting
Repeat Customers
Fully 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 Directors
1 Operational supervisor (3 days per week)
1 Office Clerk/finance/credit control (1 day per week)
3 Supervisors
6 Contract Cleaners
3 Sub Contract Cleaners
Premises:
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 £434,995
Gross profit circa £214,237
Net profit circa £67,496
The 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 upon 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 directors and shareholders will provide full support during the transition period following the sale.
