Market Leader in Commercial & Residential Carpet Cleaning

Business Overview

Business Status: Under Contract
This business is a great opportunity to invest in your future and own a profitable market-leading company.  Located in an up-and-coming region in  Southwestern Ontario it is the perfect launching pad for an ambitious entrepreneur or a seasoned operator to grow and expand a business.  The current owner is offering over 40 years of industry expertise as mentorship to the new owner during the transition period.  Cleaning has become a necessity for the safety of our communities.  Recent trends have brought more attention to the need for cleanliness and awareness around germs, as a result, experts in cleaning and sanitizing industry are in high demand and the opportunities are endless.  
  • Excellent ROI
  • Down Payment: ~$140,000*
  • Seller Discretionary Earnings: $200,000+* (after debt service and capital expenditures)
*Estimated based on past performance and future projections.

Business Profile

Industry: Cleaning Services
Location: Southwestern Ontario
Sale Type: Share Sale
Entity: Canadian Corporation
Founded: 1990’s
Number of Employees: 10-12

Financial Information

Revenue Summary: Top-line annual growth rate (CAGR) of 3.5% from F2017 to F2019, with F2020 dropping by 24% as a result of COVID-19. Although revenue reduced in F2020 due to COVID-19, this company held its ground during the pandemic and continues to remain very busy.
EBITDA Summary: Demonstrated consistent earnings growth from F2017-F2019. The business managed to remain highly profitable during COVID-19 and speaks to the company's ability to be dynamic and ensure costs are adjusted to sales levels

Revenue

FYE Normalized
2020 $950,000
2019 $1,255,000
2018 $1,237,000
2017 $1,230,000

EBITDA

FYE Normalized
2020 $200,000
2019 $261,000
2018 $235,000
2017 $211,000

Additional Notes

Building can be included in the deal

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