30-year Established Power Washing Business With Clients

Description

Established seasonal exterior cleaning service operating in Connecticut. The business has been in operation for approximately 30 years and primarily provides pressure washing services to residential and commercial customers.The owner currently handles most operational responsibilities, including answering calls, scheduling jobs, providing estimates and completing a significant portion of the work.Financial overview:Reported gross revenue approximately 190,000 per yearSeller’s discretionary earnings approximately 100,000 as stated by sellerEmployees:Two W2 field employees assist with operationsThe seller’s wife is on payroll but is not operationally required, which may represent a potential add back for valuation purposesSeasonality:The business operates seasonally from November through March. Further clarification is needed regarding potential year round operation if expandedAssets included in sale:Estimated asset value approximately 50,000Assets include:2006 Ford F250 truckDually trailerPower washing equipment and toolsCustomer database of approximately 700 invoicesFacilities:The business operates out of a rented warehouse space. The seller is willing to introduce the buyer to the landlord for potential lease continuation, subject to approvalMarketing and operating expenses:Estimated annual marketing spend approximately 6,500Debt:No outstanding business debt reported by sellerSeller financing:Seller is open to financing at approximately 6 percent interest over a 5 year term, which may enhance deal structure for buyersBuyer profile:Ideal buyers include owner operators, landscaping or exterior service companies, facility maintenance companies and local service business owners seeking bolt on acquisitions