Established Cleaning Business With Strong Recurring Revenue Updated For Sale

Description

A husband-and-wife team currently runs this cleaning business. Scheduled repeat bookings bring in approximately £5,500 per month, or £66,000 a year.

Financial figures

• Asking price: £54,950
• Annual recurring revenue: approximately £66,000
• Monthly recurring revenue: approximately £5,500
• Average workload: approximately 175 hours per month
• Average revenue: more than £31 per working hour
• Annual operating costs: approximately £3,000–£4,000

The asking price is equal to approximately 83% of the annual recurring revenue.

These figures only cover scheduled work for regular customers. Deep cleans, end-of-tenancy cleaning and other one-off jobs bring in money on top of the stated recurring revenue.

Customers

The customer mix is approximately:

• 60% residential customers
• 25% commercial customers
• 15% Airbnb and property changeover work

Daily operation

Every customer visit goes into Google Calendar. The owners use it to arrange the work and manage the monthly schedule.

The business has been set up with little day-to-day administration. The buyer gets the systems and procedures now used to run the work.

Website and equipment

A website and Google Business Profile are already live. Professional cleaning equipment is also included.

Window cleaning round

Window cleaning adds about £155 every six weeks. It is run alongside the main cleaning work.

The window cleaning customers, water-fed pole system and associated equipment form part of the sale.

Vehicle

A 2015 Mazda 6 Estate with a 2.2-litre diesel engine is included. The owners currently use it for the daily work.

Handover

During the handover, the sellers will go through the diary, customer records and the way the jobs are organised.

Future workload

The present workload is handled by two working owners. More jobs could be taken on if the buyer recruits staff.

Seller finance

The seller may finance up to 20% of the purchase price for an approved buyer. The other 80% would be paid when the sale completes.

If seller finance is agreed, the remaining balance would be paid after an agreed handover period. The exact timing and terms will need to be agreed by both sides.

Confidentiality

Detailed accounts, customer information and operating documents will be shared with serious buyers after they sign a Non-Disclosure Agreement.