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Turner Butler has been appointed to invite offers to purchase for 100% of the issued capital of this well established cleaning business.
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.
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.
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.
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.
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
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.
Phone and internet connection.
Large gates to Business Park closed at night but access available 24/7 by key code.
Growth and Expansion:
Turnover and profit could be significantly enhanced.
The vendors would be happy to stay and hand-over and are happy to provide training for an agreed handover period.
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