Established Commercial Cleaning Company in Eastern KS
Asking Price: | $600,000 |
Gross Revenue: | $350,000 |
FF&E: | $50,000 |
Cash Flow: | $185,000 |
EBITDA: | $185,000 |
Established Year: | 2014 |
Project Clean is a commercial and residential carpet restoration company that also provides a range of janitorial services serving Eastern KS. These include general office cleaning, carpet and flooring care, window cleaning, and post-construction cleanup. The company began as a residential cleaning business and has expanded its operations to serve both residential and commercial clients in neighboring cities. With a strong reputation for quality service, Project Clean has built long-term, trusting relationships with customers, supported by a steady flow of referrals. The business is managed by its two founding owners, who have established a reliable work crew to ensure a seamless transition for new ownership.
Business Highlights:
-Company Growth: Management has outlined several growth opportunities to drive future revenue and expand the business. These include increasing market presence in targeted cities, introducing additional services to meet customer needs, and exploring untapped markets, such as government contracting. Among these strategies, the company sees the highest potential in expanding its commercial cleaning services, which provide consistent, recurring revenue streams. By focusing on these initiatives, the company aims to strengthen its market position and accelerate revenue growth in both current and new markets.
-Barriers to Entry: Barriers to entry into the industry include strong competition in a saturated market, where established providers already dominate. Building a customer base is difficult because clients often prefer businesses with proven reputations and consistent service. Meeting expectations requires adherence to industry standards and beyond. Additionally, effective branding and marketing are essential to stand out, but these efforts can be expensive and time-consuming. Together, these challenges make it hard for new businesses to gain a foothold and compete effectively in the market.
-Competitive Advantages: Project Clean focuses its efforts into its client relationships as they are the most important factor when it comes to entering this market as a cleaning business. The company has already established a strong and loyal customer base over the years which give them an edge over their competitors due to word-of-mouth marketing referrals and increased market share. Also, the city in which they originated, they have a great reputation making them a top choice for both new residential and commercial customers.
-Management and People: The company is owned by a couple that plans to retire but is willing to stay along for a period of time after transition to familiarize new management with key clients, vendors, and the employees.
-Industry Growth: The cleaning service industry is continuing to grow as the U.S. market size in 2023 was estimated at USD $95.66 billion in 2023 and is expected to reach USD $99.4 billion for the 2024 year. As for the future outlook, research indicates that the market is expected to grow at a compound annual growth rate (CAGR) of approximately 5% from 2024 to 2030.