turner-butler

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Domestic & Commercial Cleaning Company
Clients include private home-owners, offices & Churches

Ref. CQ213

Location : Middlesex

Asking Price : £80,000

Turnover : £199,000

Net Profit : £38,000

Gross Profit : £110,000

EBITDA : Undeclared

Net Asset : £39,000

Premises : Relocatable

Confidentially offered for sale


  • Turner Butler

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Asking Price: £80,000 + assets

Business highlights include:

Turnover 2017 circa £199,000 p.a.
Gross profit circa £110,000 p.a.
Adjusted Pre Tax Net Profit circa £38,000 p.a.
Net Asset value circa £39,000

Very well established
Excellent reputation
Motivated, trusted staff
Excellent customer relationships
Regular Contract & General cleaning contracts

Business Profile

The company has been in business since 2003 and predominantly serves the domestic sector on a non-contractual basis and has annual, recurring, commercial cleaning contracts with local Churches and offices. The business covers the whole area in North and West London with a particularly strong cluster of clients in areas around Middlesex. Business is well structured with an excellent trading history and repeat client base showing continuous profit.

The owner has been running the company from a home office and as an ever growing business believes that there is huge growth potential for a more motivated owner.

The business is profitable with no bad debts and offers a highly competitive cleaning service.

All necessary equipment is in place that is required to run a successful operation.
A full inventory of the equipment is available to all genuinely interested parties.

Clients:

There are circa 140 customers on the current data-base resulting in approximately 300 hours of contract cleaning hours per week are undertaken by its circa 20 regular staff.

Technology:

The business uses QuickBooks software for managing accounts, stock, payroll and invoicing. Online scheduling software for managing staff plus website and social media presence.

Customer Service:

Customer service is the top priority; the team provide quality of workmanship and an efficient service. Substantial investment has been made in the latest technology and equipment.

Key Strengths:

This is a well-run, responsible and reliable company that has a history of continual growth and profits due to the professional and efficient approach to business and the quality of trust that clients show this business and its staff.

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 over the years.

Turnover 2017 circa £199,000 p.a.
Gross profit circa £110,000 p.a.
Adjusted Pre Tax Net Profit circa £38,000 p.a.
Net Asset value circa £39,000

The Asking Price of £80,000 plus net assets is for 100% of the issued capital of the company, assuming Net Assets of circa £39,000 on completion (calculated on a zero cash-zero debt basis). A complete asset list is available.

Advertising:

The business does not carry out formal advertising and marketing activities and has profited from strong word of mouth referrals and recommendations.

Growth and Expansion:

The business is easy to run as the owner has built up an infrastructure to ensure a smooth operation and has laid down sound foundations to accommodate future growth that could be achieved with a more motivated approach to management and targeted marketing.

Premises:

The business is managed by the vendor from a home office.

Business Hours:

Monday – Friday: 9.30 am – 5:30 pm

Cleaning is undertaken six days per week and around usual office hours.

Employees:

The vendor is supported by 17x full & part time cleaners who also take responsibility for quality standard checks; and a part time administrator responsible for invoicing.

Support and Training:

The vendor is happy to stay on at the business for an agreed period to ensure a smooth handover.

Reason for Sale:

New interests.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 25 7777
info@turnerbutler.co.uk
www.turnerbutler.co.uk