Domestic, office and commercial cleaning specialists with a particular presence in the Estate Agency and Property Management sector
Ref.GC037 Location London, South EastAsking Price £ 80,000Confidential offered for sale | |
Asking price includes:
Turnover of £185,000 per annum
Reputation for honesty, reliability and responsibility
Efficient, reliable, knowledgeable and motivated staff
Loyal Client base of Estate Agents and property Managers
Excellent customer relationships
Complete turnkey operation
Large amount of equipment
On-going growth pattern
Expansion opportunities
Wide range of services
Training and handover
Re locatable business
Good profit margins
Advertising
Goodwill
Stock | | Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA | Business profile: | Established in 2003 and working primarily within the M25, this is a small friendly cleaning company offering a wide range of specialist cleaning services including carpet and upholstery cleaning, rug cleaning, curtain cleaning, domestic cleaning, office cleaning as well as individual cleaners.
Built around one of the Owners’ twenty five years of experience in cleaning, many spent in highly prestigious locations, this business provides an excellent service and a very high standard of cleaning priding itself on quality cleaning and common sense cleaning solutions. With a well motivated, reliable and trustworthy team of cleaners, all hand picked, reference checked, fully trained and insured, and with a clear understanding of the importance of customer service this business has developed a highly professional and much sought after operation. Despite operating within what might be considered to be a ‘low tech’ sector, this business has excellent administrative systems and good cleaning processes in place using colour coded materials for various tasks. It also has excellent supplier relationships in place with all of its suppliers, using only the very best chemicals and cleaning products.
Although this business has a one yearly renewable office cleaning contract in place with one of the largest Asian banks in the UK, it is in the area of end of tenancy cleans and the cleaning of common areas in managed buildings, working on behalf of a number of estate agents across London, where this business is rapidly establishing an excellent reputation. The business has a number of regular and planned cleaning programmes in place with property managers and landlords keen to keep their residential blocks in the best shape possible for their tenants. The cornerstone to the success of this business in this sector, however, has been its ability to turn around properties very quickly to accommodate new tenants. Such is the trust placed upon this business in this area, it is often called upon to carry out low level maintenance – re-carpeting a property for example, purely on the say so of its cleaners, if they don’t believe even the most rigorous of cleans will achieve the right results.
This is a very well organized and professional business with an excellent, highly professional, very knowledgeable team. With turnover of £185,000 for the most recent year for which figures are available, this business represents an excellent acquisition opportunity for an operation looking to establish itself in the London area or alternatively a company with an existing set up looking to extend its activities within the capital. | Key strengths:
Although with a presence in the office cleaning sector via a one yearly renewable contract with an Asian Bank, this business has built a strong and loyal customer base within the property management niche sector, regularly working for between 15 and 20 Estate Agents and Property Managers. This has been due in no small part to the business's competitive pricing, first class service and attention to detail. On the back of this reputation has come constant repeat business and strong word of mouth recommendation, as this business is taken from one Estate Agent to another as Property Managers move from one employer to another.
This business has an excellent core team of cleaners in place providing a very high standard of cleaning. Highly knowledgeable in the use of chemicals, all staff are extremely reliable and operate to the highest professional standards and with maximum efficiency. Staff are honest and extremely trustworthy. This business fully appreciates that a first job, done well will almost always result in repeat business.
The business has excellent processes and systems in place, uses the very best products and suppliers and constantly reviews and updates its service commitments and its methods of business, ensuring that valued customers receive the very best service.
Key opportunities:
There is an outstanding opportunity to build on the existing service and customer base of this company. With a strong demand for its services, combined with a capacity to increase turnover, a new owner contributing fresh ideas and investment in resources will have every advantage of building on an excellent platform.
With approximately 16 cleaners on its books at any one time, this business is frequently operating at capacity. With the ability to call upon additional units this business could easily extend its penetration within the property management sector and leverage its excellent reputation in this area to achieve approved contractor status with the much larger contract cleaning companies operating in London, particularly with regard to carpet cleaning. | | Premises:
The business currently operates from two small rented offices with some on-site storage of chemicals, cleaning machines etc in South East London. The location offers easy to access to the West End and Canary Wharf where much if the work of this business is currently undertaken. Rent including Rates is £450 per month.
The business is easily relocatable however and greatest value from its acquisition would probably arise from absorbing it within an already established cleaning operation. | Advertising and Marketing:
This business undertakes little or no advertising at present. The business has built up a superb reputation by word of mouth recommendation and enjoys a high level of repeat business, which is maintained by strong client rapport, valuing its customers and striving for the best in client service and client retention.
What advertising this business does undertake is based around direct approaches to Estate Agents and Property Managers using the excellent Client list it can already boast, as proven references within the sector.
The business has a very well designed, informative and easy to navigate website. | | | Financial profile: | The business is being offered for sale as a going concern. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The turnover and profits have steadily increased over the three years of operation. The turnover for the current year was £185,000. | Employees:
Two co-Owners, one working in an administrative role, the other in Operations are supported by an Administrative Assistant and a team of knowledgeable and highly trained, friendly, reliable, cleaning staff. | Support and training:
The current owners will provide all necessary training and all relevant contacts to ensure a smooth transfer of the business. | Reason for sale:
Having established a very firm base for the business, the current Owners feel it is time for a change, wishing to pass the business on to new Owners to build upon the excellent foundations already laid. | | Turner Butler Disclosure Statement: This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business') The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business. For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions. Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler. You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler. Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision. Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information. This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006 |
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