|This residential maid service is very highly rated (Angie’s List and Yelp) and has been in business since 2006 with a well-established recurring client base. With 2018 sales of $263,000 and net cash flow of $115,000, this is one of the most profitable businesses in the cleaning industry. There are no receivables, all clients pay within 1 day of the cleaning with cash, checks, or online with Venmo and Zelle. Approximately $1,000 a month is collected in cash.
The owner spends 2-3 hours a day managing the business and only goes to the office location twice a week for 15 minutes. All customers and employee contact is done primarily through text messaging. There is a cloud base software that runs the business and schedules and manages all cleaning jobs. Cleaning crews run their day by this software by mobile phone. Employees are experienced and the crew leaders speak English.
The business has won the Angie’s List Super Service Award for the past five consecutive years and has a five-star rating on Yelp and Facebook. They get 2-5 contacts PER DAY from people seeking Their services. Company’s operations, training and employment processes are documented, which will position the buyer for long-term success after the sale.
The company currently focuses on a limited number of neighborhoods in Houston. The buyer can easily expand the business to the rest of the greater Houston area, including Sugar Land, Pearland, The Woodlands, East Downtown, etc. Given the business’s stellar reputation and established processes, the new owner will have a distinct advantage over the competition.
You can easily expand revenues by increasing advertising, contracting with apartment management companies to provide on-premise crews for ongoing multi-unit cleaning – Adding commercial cleaning service – Adding carpet cleaning service – Raising rates. Rates for a number of current clients are below market. You could also hire a manager and become absentee owner.
Current owner has a health issue that is forcing a sale.
If you’re looking for a company at less than 2X earnings, that is easy to run, does not take much time, has a great reputation and generates a great return, this is the one you want!