Premier Janitorial Supply Company
| Asking Price: | $950,000 |
| Gross Revenue: | $3,800,000 |
| Rent: | $7,000/Month |
| FF&E: | $100,295 |
| Cash Flow: | $352,279 |
| Inventory: | $100,000 |
| EBITDA: | $288,929 |
| Established Year: | 1972 |
EXECUTIVE SUMMARY
This is a rare opportunity to acquire a well-established, highly respected distributor of commercial cleaning supplies with an impressive portfolio of blue-chip customers and exceptional customer retention rates.
INVESTMENT HIGHLIGHTS
• 50 Years in Business
• Large, blue-chip customers, including major universities, hospitals & hotels
• Clean financials
• 90% of revenue comes from repeat customers
• Diversified customer base
• Private labeled line of cleaning supplies
• A normalized level of inventory is included in the asking price.
DESCRIPTION
Our client (“Project Clean”) is a leading value-added distributor of janitorial supplies and equipment to large manufacturers, major universities, and retail and foodservice businesses in Central Illinois.
But Project Clean is more than just a distributor. In addition to selling janitorial supplies, the company also provides matting, training, repair, calibration, and delivery services. It also developed and sells its own private labeled product line, including air fresheners, cleaners, polishes, and degreasers. The Company also provides specialized training programs, workshops, and seminars to customers and cleaning professionals in its market area.
With over 520 active customers, the education, healthcare, and commercial sectors account for 28%, 18% and 18% of its business, respectively, with no single customer accounting for more than 10% of revenue.
The company has 10 full-time and 2 part-time employees, including two full-time sales professionals.
Project Clean has projected 2024 revenues and adjusted EBITDA of $ 3.8M and $289K, respectively. Revenue has grown at a CAGR of 10% over the last seven years. The asking price includes an agreed amount of inventory.
The company’s owners retained Jackim Woods to sell the company so they can begin to transition to retirement. The owner who leads the sales & marketing efforts is willing to help the buyer on a part-time basis for a transition period of 3-6 months.
A detailed offering memorandum is available to qualified principals upon receipt of the attached nondisclosure agreement.
