Under Management – Contract Commercial Cleaning Company

For over ten years, the business has provided contract commercial cleaning services in the Northern Territory to Federal, State and corporations.

As the business is run under management, the owner resides interstate and has not visited the business in over two years. Preferring to manage it remotely, the vendor spends around 4 days per year running the business.

The business comes with several motor vehicles, industrial steam cleaners, a range of commercial cleaning equipment and consumable stock.

With sales around $800,000 p.a and a good spread of customers, the owner has not sought new tenders for several years, until recently with the business for sale, and has won several jobs already.

The business has several opportunities to build up sales through tenders, seek domestic cleaning, more corporate spring cleans, target other local government organisations in the region, and expand into other regions of the Northern Territory or even interstate.

With a three-year average EBITDA over $220,000, the business could easily be bolted on to an existing service provider.

Alternatively, a new owner-operator has the opportunity to either work full time in the business to increase Profit-to-a-Working-Owner (current three-year average is over $280,000), or to maintain the business as is, under remote management.

In summary, this business represents a unique opportunity with an asking price of $750,000.

For further information please contact Richard Hentworth on
0421 865 800.

Please Note: The sale is of the company to ensure transfer of contracts.

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