Featured Brokers
CONFIDENTIAL SALE
FOR SALE
23/11/23
603051
GC128 / Rightbiz
Asking Price: £170,000 Inc. Net Assets
Business highlights include:
Turnover 2022/23 over £430,000 p.a.
Gross profit over £200,000 p.a.
EBITDA £70,000 p.a.
Net assets circa £20,000
Excellent client base with repeat business
Superb profit margins
Loyal experienced and trained staff
Contracted Commercial work
Full range of accredited services
Business Profile:
The company was originally founded in 2006 to provide commercial contract cleaning and specialist cleaning services in London and the South East of England.
The company prides itself on being a professional, reliable, and competent commercial cleaning company covering London and the South East specialising in post build and sparkle cleaning in new builds and refurbishments including residential dwellings, schools, colleges, retail, and hospitality. They also carry out external cleaning to windows, frames, curtain walling, solar panels and brise soleil.
All company operatives and supervisors have a green CSCS card with several Senior Supervisors holding a SSSTS certificate. The company also have operators with IPAF and PASMA tickets.
The company has a comprehensive Health & Safety policy and holds the CHAS accreditation as well as being members of Construction Line and Builders profile. They always have a working supervisor on site.
The business is well structured with an excellent and consistent trading history and repeat client base showing continuous profit. There is enormous potential to grow the business further and to add additional specialist services.
There are 16 members of staff employed by the business, including management, supervisors and mobile operatives.
Services
Post Build Clean
The company has built a formidable reputation for post build cleaning and this is their specialist area of focus. They provide internal and external post build cleaning services to commercial and residential projects.
Commercial Cleaning
Commercial Deep Cleaning
Hard Floor Deep Cleaning and Maintenance
Commercial Window Cleaning
Including Water fed pole system, Cherry Picker and Scissor Lift Cleaning for a range of clients from offices, retail units, leisure centres and schools.
End of Tenancy Cleans
Thorough cleaning services including internal and external windows, carpets and upholstery, deep clean and degreasing, descaling, oven cleaning, hard flooring, woodwork, sockets and cobweb removal.
Carpet and Upholstery Cleaning
Services provided to pubs and restaurants, offices, retail spaces, leisure centres, doctors and dental surgeries, vets surgeries, hotels and guest houses, care homes, sports and social clubs and housing associations.
Clients:
The business has a large and loyal client base ranging from office, retail, hospitality, health, schools, leisure centres and residential management companies.
Technology:
All necessary equipment is in place required to run a successful contract cleaning services business. A full inventory of equipment is available to all interested parties.
Key Strengths:
Reputation for specialist post build cleaning
Experienced loyal and referenced staff
Great reputation with excellent reviews
Website with online quoting
Repeat Customers
Fully insured and accredited (CHAS, SMAS Worksafe)
Advertising:
The business engages in local press advertising and has profited from strong word of mouth referrals and recommendations as well as some targeted SEO campaigns specifically for end of tenancy cleaning and commercial window cleaning.
The business has an excellent relationship with their website provider and significant traffic and enquiries are generated through this.
The company website is content rich and they have a social media presence with positive reviews and client testimonials.
Employees:
The business is supported by 16 part and full time staff including:
2 Directors
1 Operational supervisor (3 days per week)
1 Office Clerk/finance/credit control (1 day per week)
3 Supervisors
6 Contract Cleaners
3 Sub Contract Cleaners
Premises:
The Directors operate the business from an office at their home address.
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The business has achieved a history of excellent turnover and profits consistently over 5 years.
Turnover to 31st March 2023 £434,995
Gross profit circa £214,237
Net profit circa £67,496
The Asking Price of £170,000 is for 100% of the issued capital of the company. The Net Asset Value is included in the asking price and is currently calculated at circa £20,000 but will be confirmed in detail on completion. A £ for £ adjustment will be made to the asking price for any amendments to the net asset value at the date of completion.
A complete asset list is available.
Reason for Sale:
This is a retirement sale.
Support and Training:
The existing director’s and shareholder’s will provide full support during the transition period following sale.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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