Looking for a buyer.
Since 2005, this commercial janitorial business with 43 employees has offered its diverse services to the Hawaiian Islands! With four locations, one on each of Hawaii’s most populated islands (Kauai, Oahu, Maui, Molokai), this business benefits from excellent name recognition, resulting in repeat clients and little need for advertising. Their services include but aren’t limited to office cleaning and deep cleaning commercially. Along with the variety of services, included is $504,164 in assets conjoining with a very low multiple of 2.9! Being 95% recurring, these 27+ repeat commercial clients include some of the largest entities in Hawaii, such as industrial agricultural companies. They also have the exclusive license in Hawaii to clean one of America’s most popular drapery brands and are Green Seal certified. Their experienced general managers and technicians are self-sufficient, helping to generate over $2.9 million in sales in 2021, and leaving the owner with minimal responsibilities. The increase of cleanliness and hygienic standards has helped to increase revenue which has been maintained through 2021, as companies, and employees, have a greater appreciation and demand for a clean and sanitary workplace. Their Green Seal certification ensures the highest quality standards in cleaning practices, instilling a high level of trust between this cleaning business and their repeat clientele. Between this certification and their drapery cleaning license, they can provide exclusive services that cannot be found anywhere else in Hawaii. Any potential owner can feel comfortable knowing that the current owner will train for a one year to assist in learning the ropes of contract renewals and management on multiple islands. A new owner will have the flexibility to continue to run the business as is or expand as desired into the residential sector or to other Hawaiian Islands. Priced at $1,975,000, this business will produce $339,417 after debt payments in the first year!
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