Project Description

Summary:

Status: Active
Region: Vancouver Island
Category: Other Services

Description:

This well established floor maintenance and janitorial service company has a long-term loyal client base of several major retail chains, convenience stores, and privately held local businesses. This company’s outstanding customer relations, service and reputation gives it a solid advantage. The owner and two employees manage the current workload covering the Island from Campbell River to Victoria. The customers are all repeat on either a 2-week or 4-week cycle, with additional annual service. This makes scheduling routine and predictable. The business is currently based in the Central Island but could be relocated anywhere on Vancouver Island. This business could easily run a crew in the Greater Victoria region and another covering the balance of the Island. The client base continues to expand with new clients every month. There is a tremendous opportunity for growth.

The 5-year weighted Sellers Discretionary Earnings (SDE) is over $77,000 with the most recent year in excess of $80K and the current year projected to be in excess of $85K. The Normal Net Working Capital (NNWC) of $21,000 plus equipment is included in the asking price of $260,000.

The owner will stay on for a short transition period. This is an opportunity for an existing company to expand through acquisition, or for someone looking to be their own boss. This business does qualify for BCPNP investors.

Broker: Michael Naprawa
Listing ID: VANISBC001-N150
City/Town: Vancouver Island

Financials:

Asking Price: $260,000
Revenue: $280,000
Net Cash Flow: $105,000 (SDE)
Monthly Payroll: $5,000
FF&E Asking Price: $19,500

Property:

Real Estate Available: No

Operations:

Franchise: No
Homebased: No
Relocatable: Yes
Year Acquired: 2006
Full-Time Employees: 2
Part-Time Employees: 3
Trading Hours: 24/7
Reason for Sale: owner wishes to retire from this industry