Asking Price: $2,000,000
Sales: $1,191,266
FF&E: $1,000,000
AR: $168,000
Adjusted EBITDA: $570,160
Business Description: The Company is a semi-absentee owned 10 year well-established pavement-parking horizontal surface sweeping, slab cleaning and water removal business serving property management, real estate owners and construction companies. The customers are primarily large companies and include warehouse leasing, landfill, and construction (industrial, highway, warehouse, manufacturing, commercial or multifamily). In 2023, the business has ~60 active customers with the top 10 customers accounting for approximately ~65% of sales. NOTE: Seller REQUIRES that Prospective Purchasers have relevant or translatable industry experience such as pavement sweeping, pressure washing, cleaning, construction, contracting or mechanical services.
How do I value my Cleaning Business for Sale?
Services primarily involve cleaning or removing dirt or water on horizontal surfaces such as parking lots-garages, streets, and interior concrete slab surfaces (such as warehouses or newly constructed buildings). The company can sweep inside or out, large or small areas. They have a) large commercial street sweepers for heavy dirt inside on slab or outside on pavement, b) air sweepers for water removal from slab, c) floor scrubbers for white glove finish clean on slab, and d) water cannon service to prepare pavement for paint striping.
NOTE: Seller REQUIRES that Prospective Purchasers have relevant or translatable industry experience such as pressure washing, exterior cleaning, construction, contracting or mechanical services.
The Company’s 4 well trained and long tenure employees run all day-to-day operations. The owner’s role is mostly phone work and relates to scheduling and estimating. The owner occasionally assists with scheduled operations work when needed (estimated at 5x per month). The owner takes 7 to 14 vacation days monthly and averages ~20 hours per week. This can be eliminated by adding an employee and growing-offsetting with increased sales.
The Company does no significant outside advertising. The owner feels that there are many growth opportunities for an aggressive new owner. The Company advises that there are few contractors in the sweeping industry in the DFW marketplace. The business operates as a word of mouth “niche business”; Adding sales personnel could rapidly improve growth. The business is only running at 25-50% capacity. Capacity can be significantly increased by adding equipment and operators. The owner plans to retire and is offering the cleaning business for sale. The owner represents that the business has excellent books & records and can prove all sales & expenses.
Facilities: The business occupies approximately 1,300+/- SF in a mixed use industrial area with easy access to major thoroughfares on ~1 acre. A long-term lease at $3,500/mo + triple net, with options and room for expansion, is available to a qualified purchaser.
Competition: The Building Exterior Cleaning industry is very competitive. Most companies competing in this space are similar sized or much larger. Some competitors offer a wide range of services or provide services in specific market niches. This Company focuses on creating relationships and bonds between the Company and their customers based on quality work, fair pricing, integrity, and reliability.
Support & Training: The business is semi-absentee owned and operated by experienced, long tenured employees. The seller will train buyers in their oversight role for 4 weeks included with the purchase price. The seller is willing to provide additional training at mutually agreed compensation for a finite period.
Reason for Selling: Retirement.
Purchase Price: The asking price for the assets of the business is $2,000,000 with $400,000 CASH down payment and balance financed as an SBA7(a) loan. If required by a commercial lender, the seller will consider financing up to 10% of the price to a purchaser qualified/approved by the Seller. All financing is to be personally guaranteed by the individual principals of a prospective purchaser. THE SELLER PREFERS TO SELL FOR ALL CASH. The assets include Accounts Receivables valued at $268,000 and FFEV (Furniture, Fixtures, Equipment and Vehicles) valued at $1,000,000. The price will be increased or decreased for actual work in process (WIP) and accounts receivable as of the sale date.
NOTE: The sale of a business is confidential and discreet; PLEASE DO NOT VISIT THE BUSINESS OR SPEAK WITH ANY EMPLOYEES. We know about many businesses that are for sale but might not be advertised. Check out www.adamnoble.com for more information and consider registering your criteria as a purchaser.
For information, reference DFW TX Semi-absentee Pavement Parking Flat Surfaces Sweep-Scrub Services Cleaning Business for Sale 20097 and contact Jeff Adam, PE, MCBC, FRC, CBB at Adam Noble Group, LLC
Phone: (817) 467-2161
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During 3 decades of M&A service, Jeff Adam has successfully completed the sale of over 825 businesses and advised or completed 1,000’s of business valuations and exit plans. An entrepreneur in his own right, Jeff has started and grown 12 companies in fields including international finance, B2B services, business valuation, construction, screen printing, Mergers & Acquisitions, engineering, and manufacturing. Jeff has donated his time as a distinguished speaker at numerous national & international conferences since 1977 covering topics such as environmental services, engineering, media, craft breweries, exit planning, business valuation, charitable giving, management, business brokerage and M&A fields.
Jeff is President of Adam Noble Group, LLC, a national M&A Advisory firm, professionally valuing and confidentially selling profitable businesses owned by exit-motivated business owners to qualified strategic, corporate, private equity, partners, management, and first-time buyers. Jeff establishes rapport, builds trust, and educates business owners in the steps to meet their goals as they prepare and achieve the discreet, confidential exit of their business. Jeff exclusively represents sellers of $1M-50M value enterprises and endeavors to transfer their businesses to qualified, capable acquirers who will build upon the seller’s vision, goals, culture, and history. Jeff maintains lifelong repeat and referral relationships with sellers, their acquirers, and service providers.
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