A unique opportunity has surfaced as the Area Developers for Hampton Roads are offering for sale a franchise with a center of operation in Chesapeake and Norfolk, Virginia. Nationally Recognized Commercial Cleaning Service Franchise for Sale. Nationally Recognized B2B Faith-Based Service Franchise In addition, the owner is prepared to offer an adequate transition plan for a new owner entering the fold. All that information will be readily shared with an incoming buyer.
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The significance here is that the owner is aware of what continued growth will look like and how to go about it. This business, like many, started small and has continued a growth trajectory since day one. The owner oversees the day-to-day operation and interfaces with the property managers. Currently, and as of COVID, the business has converted to home based, and each of the employees have the necessary equipment and dispatch from their homes directed by the coordinator. Seven employees support the operation with one office manager and coordinator. This year, 2021 is approaching normal operating numbers. However, the average cash flow for the business is approximately $60k. Discretionary earnings or cash flow for 2020, the pandemic year was $36k.
Both of those factors make up some of the transitory need for folks entering and exiting the market. The area this business operates in has a military presence and is a resort area. Thirty-four separate apartment complexes make up the service footprint for the business, amounting to over 6,000 apartments with an average of 250 – 300 cleaning jobs per month. The business has working agreements with multiple Property Management Firms to clean and prepare apartments during an ownership transition. This specialized cleaning service has been in business since 2008. We expect this trend to continue for the foreseeable future considering the increase in demand for cleaning services* Don’t miss out on this opportunity and contact us today to learn more! *Please note, the revenue and cash flow claimed is based on a trailing twelve month (TTM) period from July 2020 through June 2021 which is about a 16.4% increase over the previous TTM and 2020’s performance. The Hampton Roads area has seen significant growth over the past 10 years and this trend is forecasted to continue into the future. The business has top notch reviews on many popular online review platforms. This represents an excellent opportunity to take over a well-run business with a robust customer base. After over 20 years of owning and operating the business the owner has decided it’s time to retire. The business has shown growing revenue and cash flow numbers over the last four years and there was no real negative impact to performance of the business due to the pandemic. A significant portion of the business comes via referrals and word of mouth. There are currently 9 employees who are divided into 3 teams that work 5 days a week and there are times when they work 6 days a week due to demand. The business is 99% residential service with a couple of commercial accounts. There are currently about 175 recurring clients and new customers are frequently reaching out to the business. The business currently operates from a leased office space but can easily be relocated within the service area or even potentially be run from a home office. The owner puts an emphasis on providing high quality cleaning services and building long term relationships with customers. The business was founded in 2000 and serves clients across Hampton Roads. Established & Highly-Rated Janitorial Service in Newport News, VAĮxcellent opportunity to own an established and highly rated janitorial service based in Newport News, Virginia.
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