About the Business

Business ID: XB166368

T/O $2.636M p.a. Owners Income $670,500 p.a. Could Be Run Under Management. Owner Prepared to Remain.

The business started some 36 years ago in 1990 with the cleaning of a major Shopping Centre, which remains a customer of the business to this day. Over the years the business has established a reputation for reliable, high-standard cleaning services for corporate and retail properties as well as some government departments.

The company concentrates on servicing buildings in the CBD, North Sydney and Bondi Junction. Buildings include a number of prestigious buildings in the CBD. One of the benefits of being retained by the owner of office buildings is that as floors are leased, there is a very good chance that new tenants will use the building’s cleaning services. Some of these buildings currently have vacant floors, presenting a high likelihood of growth to the sales turnover.

Highlights:

- Established 36 years.

- Loyal Customer Base.

- No Direct Employees (Third Party Labour Hire)

- History of Profits.

- No Real Estate Premises Required.

- Good Growth Potential.

- Work from Home.

- The Owner Is Prepared To Remain So The Business Can Be Run Under Management.

Terms of Settlement:

Depending on the experience the owner will assist in the smooth hand over of the business or will remain for a period and on terms to be agreed.

This business would interest an existing commercial cleaning company or an investment group wishing to enter the industry.

Asking Price: $1.7M for the goodwill and assets. Stock is not included and will be valued at cost as at the date of settlement; it is currently estimated at approximately $10,000.