Services - Other Personal Services | Services - Other Business Services

Asking Price	$295,000	Inventory	$2,000*
Gross Income	$454,154	Real Estate
Cash Flow	$95,929	Year Established	N/A
FF&E	$10,000*	Employees	15-18

* included in the asking price

** not included in the asking price

With 300+ customers in their second decade of operation, this well established house cleaning service has continued to perform well. Gross revenues have increased consistently during the past 5 years cumulating in a record gross for 2008. With two income families more necessary than ever, Mom and Dad do not have the time or desire to do the routine housework, a fact that has fueled the growth in this business category during the past 20 years. Although about 10% of revenues come from commercial janitorial accounts, the bulk of income comes from residential maid service customers. Above average pay and benefits for employees have reduced turnover while keeping their loyal customer base happy. Other than minimal yellow page advertising, there has been no additional advertising or marketing under current management in recent years.

Facilities: Currently operating the business from a leased facility with adequate room to operate and grow the business going forward. Assets consists primarily of a washer & dryer, office furniture & equipment, computer and misc. cleaning tools & janitorial equipment. The business could easily be relocated or operated from home.

Competition: After 5 years of steady growth, management expects 2009 revenues to remain flat or dip slightly, although they have not lost many customers due to the current economic uncertainty based on early '09 results. After more than 12+ years serving a loyal customer base, this firm should weather the economic storm better than its rivals. Competition is well established but limited to a handful of major players in the market along with various individuals operating from home.

Growth/Expansion: Except for minimal yellow page advertising, there are no other marketing efforts employed by management. This business has continued to increase revenues every year taking business away from some competitors with the usual employee and quality issues. The majority of the growth has been through customer referrals.

Financing: Yes

Support/Training: Yes

Reason Selling: Experiencing some burnout & would like to explore other options before retiremen