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Established Cleaning Business

Ref. GC123

Location : Ireland

Asking Price : €500,000

Turnover : €2,940,000

Net Profit : Undeclared

Gross Profit : €530,000

EBITDA : €141,000

Net Asset : €270,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

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Premises: Leasehold

Asking price includes:

Gross Turnover circa €2.94m per annum.
Gross Profit circa. €530K.
EBITDA €141k pre Director’s drawings
Net Assets circa. €270K assuming HP & factoring remain
Fixtures and fittings
Regular and reliable regular customers
Significant Goodwill

Introduction:

Turner Butler has been appointed to invite offers to purchase for 100% of the issued capital of this well established cleaning business.

Business Profile

Established in 2008, this profitable cleaning company offers a service available anywhere in Ireland and can handle anything from flood and fire damage to window cleaning (including high rise buildings), carpet cleaning, office cleaning and builder’s handover cleaning. The company has a good portfolio of clients including blue chip companies.

Aside from cleaning, the company also sells janitorial supplies to the value of circa. €20K per month.

Equipment:

The company uses the latest equipment and regularly attends trade shows to keep up-to-date with advancements in equipment.

New computer software and time/salary package recently set up and running and working well.

Key strengths:

Good portfolio of clients including a group of blue chip companies.
Local, National & International clients.
5 day office cleaning clients- low outlay business.
Superb reputation- a lot of business received from word of mouth recommendations.
Hands-on committed Management & staff who listen to their clients.
Well trained staff & use of the latest equipment.
Ability to handle issues quickly & cost effectively - can have a van anywhere in Ireland within a few hours of receiving a request.

Key Opportunities:

Significant opportunity exists to develop the business, both by introducing new service areas and/or by increasing geographical coverage. The company has concentrated on 5 day office cleaning. Potential exists to diversify- shopping centre cleaning etc.

Financial performance:

Gross Turnover circa €2.94m per annum.
Gross Profit circa. €530K.
EBITDA €141k pre Director’s drawings
Net Assets circa. €270K assuming HP & factoring remain

Asking Price:

€500,000 for 100% of the issued capital of the company assuming an NAV of €270k.
There will be a € for € adjustment to the final sale price to reflect any movement away from this €270k NAV figure in the final completion accounts.

Advertising and Marketing:

New website.
New brochure.
Growth and Expansion:
Turnover and profit could be significantly enhanced.

Premises:

Leasehold. Relocatable.
Located in well positioned business park.
Rent: Circa. €1,970 per calendar month.
3 year lease commenced in 2017 (easily renewable or relocatable).
1840ft² comprising of store area, ground floor office, toilet, store, large open plan office and meeting room, toilet and shower room and small kitchen unit.
Gas heating.
Phone and internet connection.
Large gates to Business Park closed at night but access available 24/7 by key code.
Good parking.

Business Hours:

Available 24/7.

Security:

Large gates to business park with key code access after hours.

Employees:

180 Staff in total.
1 x Industrial Manager.
2 x Office Staff (1 payroll + 1 invoicing).
4 Supervisors.
(Supervisors and office staff also sell janitorial supplies).
8 x Mobile Industrial Team.
166 x Full & Part-time General Operatives.

Support and Training:

The vendors would be happy to stay and hand-over and are happy to provide training for an agreed handover period.

Reason for Sale:

Retirement of Directors.

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

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 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk