Contract Cleaning Services for sale in Watford

View the "High Quality Lifestyle Cleaning Business" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

High Quality Lifestyle Cleaning Business

Watford, Hertfordshire, England

  • Leasehold Price: £55,000
  • Annual Turnover: £145,000
  • Annual Net Profit: £22,000
Seller Reference: SMSB/CLWAT
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Business Description
 
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Seller Reference: SMSB/CLWAT
Request Details
Business Description
Started from home by the current owner around 6 years ago, the business now employs 10 staff, runs 3 vehicles and operates from a leased office in Watford. Having made the decision to emigrate, the business is being marketed for sale.

It provides professional cleaning services in both the commercial and domestic sectors, with the latter accounting for c 65% of turnover. The business targets the higher end of the domestic sector, reflective of the service offered with employed and uniformed employees and providing quality chemicals and materials. In the commercial sector the business targets smaller businesses and local authorities or managing agents as this is the level and scope of work that suits the current size of the business.

Sales are spread evenly across sectors and customers, with no large contracts that pose a risk to the company if lost. Levels of repeat business are high.

The business is currently operated on a lifestyle basis that suits the needs of the vendor and there are significant further growth opportunities.
Sales in 2018 were £145k delivering earnings before owner drawings in excess of £20k. Recent contract wins suggest further growth in 2019. The guide price for 100% shares is £55,000 and the Balance Sheet will be transferred with a net asset value of between £10k and £15k. The owner will provide an appropriate handover.

The business is being marketed by www.SellMySmallBusiness.co.uk and enquiries should be directed to them. Please do not try to contact the vendor directly.
Tenure:
Leasehold
Is this business relocatable:
Yes
Listed by:
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