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Fri, Feb 28 2020 09:16:34 AM  |  /

Established Cleaning Business

Business Id:000378     |    Reference: GC123
Leasehold Price:
€500,000.00
Business Description

Established Cleaning Business
Ref. GC123
Location : Ireland
Asking Price : £430,122
Established in 2008, this profitable cleaning company offers a service available anywhere in Ireland and can handle anything from flood and fire damage to window cleaning (including high rise buildings), carpet cleaning, office cleaning and builder’s handover cleaning. The company has a good portfolio of clients including blue chip companies.
Aside from cleaning, the company also sells janitorial supplies to the value of circa. €20K per month.
Equipment:
The company uses the latest equipment and regularly attends trade shows to keep up-to-date with advancements in equipment.
New computer software and time/salary package recently set up and running and working well.
Key strengths:
Good portfolio of clients including a group of blue chip companies.
Local, National & International clients.
5 day office cleaning clients- low outlay business.
Superb reputation- a lot of business received from word of mouth recommendations.
Hands-on committed Management & staff who listen to their clients.
Well trained staff & use of the latest equipment.
Ability to handle issues quickly & cost effectively - can have a van anywhere in Ireland within a few hours of receiving a request.

 
Business Information
Turnover:€2,940,000.00 Annually
Property Status:   Leasehold
Is this business relocatable: Yes
Business Sector: Domestic Cleaning Agencies, Carpet and Upholstery Cleaning Businesses, Dry Cleaners
Statistic Information
Total Views:
Impressions:
Total Enquiries:
Last Viewed:
Last Updated:
Last Enquiry Made:
Business Profile
Equipment: The company uses the latest equipment and regularly attends trade shows to keep up-to-date with advancements in equipment. New computer software and time/salary package recently set up and running and working well.
Key strengths: Good portfolio of clients including a group of blue chip companies. Local, National & International clients. 5 day office cleaning clients- low outlay business. Superb reputation- a lot of business received from word of mouth recommendations. Hands-on committed Management & staff who listen to their clients. Well trained staff & use of the latest equipment. Ability to handle issues quickly & cost effectively - can have a van anywhere in Ireland within a few hours of receiving a request.
Key Opportunities: Significant opportunity exists to develop the business, both by introducing new service areas and/or by increasing geographical coverage. The company has concentrated on 5 day office cleaning. Potential exists to diversify- shopping centre cleaning etc.
Financial performance: Gross Turnover circa €2.94m per annum. Gross Profit circa. €530K. EBITDA €141k pre Director’s drawings Net Assets circa. €270K assuming HP & factoring remain
Asking Price: €500,000 for 100% of the issued capital of the company assuming an NAV of €270k. There will be a € for € adjustment to the final sale price to reflect any movement away from this €270k NAV figure in the final completion accounts.
Advertising and Marketing: New website. New brochure. Growth and Expansion: Turnover and profit could be significantly enhanced.
Growth and Expansion:
Premises:
Business Hours: Available 24/7.
Employees: 180 Staff in total. 1 x Industrial Manager. 2 x Office Staff (1 payroll + 1 invoicing). 4 Supervisors. (Supervisors and office staff also sell janitorial supplies). 8 x Mobile Industrial Team. 166 x Full & Part-time General Operatives.
Support and Training: The vendors would be happy to stay and hand-over and are happy to provide training for an agreed handover period.

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