An opportunity to buy a successful, growing business, supported by one of the UK’s best Franchisors.
The business is based in Glasgow and the central belt of Scotland and continues to secure primarily office cleaning contracts. These contracts are very stable with a 95% retention rate year on year.
The business is showing substantial growth, increasing turnover by almost 20% last year alone!
The management team in place run almost every aspect of the business, meaning that the new owner could just as easily be an investor, as opposed to someone who wants to be involved in the day to day running.
The net return to the owner is in the region of £90,000 per annum, making this very attractive at the price offered. The business is well respected and stable allowing our finance partners to offer packages for a flexible purchase to the right candidate.
The current owner wants to see the business continue to succeed and to grow and has agreed to consider scheduled payments to help manage cash flow for the new owner.
In summary, this is a business that comes with full support from a well established and respected Franchisor. Has an experienced and capable management team in place. Has contracts that renew at a rate of 95% per annum. Will consider flexible payment terms. Continues to grow year on year and could pay off the capital investment in just over three years, leaving a substantial capital asset, fully owned, and an income of approximately £90,000 per annum for the owner, if things just remain as they are!
Please enquire for more detailed information, including the latest 2017 accounts.