High-End Residential Cleaning Service

This established residential cleaning service has been built over the past decade-plus with one specific target customer in mind - affluent tenants of high-end, multi-family properties in a very specific geographical location. The business has an outstanding reputation in this niche market. The owner has capitalized on that goodwill, along with a reliance on technology, to develop an operation that runs efficiently without the owner's day-to-day involvement being critical. Prior to the pandemic, the business was generating nearly $900,000 in revenue and $300,000 in cash flow annually. As expected, 2020 saw a major step back while the business was completely shut down for two months, subsequent Dallas County mandates were very prohibitive, and customers were slow to start scheduling services for several months after restrictions eased. But 2021 saw the business begin the climb back, and the owner expects 2022 to increase even more as more cleaning staff is added. However, historical production and anticipated full recovery were not factored into the value - the asking price is based off current financials. This business has been pre-qualified for SBA financing with a qualified borrower. For more information, please complete the online non-disclosure agreement at https://sigmamergers.com/nda. Location: Dallas County, Texas Year Established: 2009 Number of Employees: 13 Real Estate: Leased Building Sq. Ft.: 200 Rent: $675.00 Per Month Facilities: The business only requires a small office space as a location for staff to meet weekly to drop off customer payments and receive their paychecks. The current facility is on a month-to-month lease, but the landlord is open to a longer term arrangement if necessary. It's a secure, keypad entry facility that is used sparingly. Website: sigmamergers.com/nda Market Outlook/ Competition: While there are a lot of players in the residential cleaning space, including private individuals, franchises and large operations, this company has been able to carve out a very targeted niche in the high-end market of a particular area. This company is the go-to service provider in that specific area, and it is turning away more business than it can handle at the moment. Growth & Expansion: There are multiple different avenues for immediate growth a new owner could take this business, depending on which one, or more, idea he/she chooses to pursue. Adding staff would immediately show results as the business can't currently handle its demand. Other opportunities include geographical expansion to similarly affluent areas with the same type customer base (the business has these requests already), or it could add ancillary services to its core offering, such as dog walking or laundry service.