business for sale

Highly Successful Wheelie Bin Cleaning Franchise with Fully Guaranteed Revenue

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Sale Memorandum

Highly Successful Wheelie Bin Cleaning Franchise with Fully Guaranteed Revenue


Ref.GC039

Location South Wales

Asking Price £ 225,000

Confidential offered for sale

Asking price includes

Work in progress, material stocks, tools and brand new vehicles
Ongoing cleaning contracts with recurring revenue
Sales of circa £225,000 per annum
Un patented technical know-how
Sales which growing year on year
Established client/customer base
Computer administration system
Excellent supplier partnerships
Fantastic opportunity to grow
Complete Turnkey Operation
Full Training and handover
Large amount of equipment
On-going growth pattern
Excellent profit margins
Established client base
Sign Written Vehicles
Top franchise Dealer
Superb reputation
Goodwill
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:

This is a fantastic opportunity for an individual or company to acquire the most successful Wheelie Bin Cleaning Franchise in the UK.

The main franchisor will provide a company guarantee to the prospective buyer of the existing revenue that is almost unique in today’s marketplace.

The business was established seven years ago and has the franchise to operate in the Newport area of South Wales with an operational radius of circa twenty-five miles. Operating from specially designed and adapted vehicles and using specialist equipment the company offers a mobile wheelie bin cleaning service to the general public on a regular and contractual basis. It also offers the same service to some commercial sectors.

What it does

Customers pay by cash, cheque or standing order to have their wheelie bins cleaned on a two or four weekly basis on the same day that they are emptied by the local authority. The bin is placed on a stand within the vehicle and cleaned using pressure hoses and a range of bespoke cleaning fluids. It is then lined and returned to its owner in a clean and hygienic condition.

Each of the three new sign written vehicles is manned by two people and has the capacity to clean in excess of one hundred and fifty bins per day.

Location

The franchise is available in the area covered by the Newport Area Health Authority and provides a potential customer base in excess of ninety thousand houses giving massive potential to grow this already successful operation

Customer Service

Clearly this is the basis on which the business stands or falls. Poor service will inevitably result in a loss of customers. All staff receive a comprehensive training programme covering all aspects of running a successful operation, this includes both health and safety issues, accountancy and customer care.
Key strengths

This is a well established, successful and highly profitable business with an existing database of customers and massive potential for further growth. The franchised area holds 93,000 households all of whom are potential customers.

A purchaser would not only buy a thriving company but also receive the benefit of three brand new sign written vehicles, fully refurbished cleaning units, tools and equipment two weeks stock and materials, safety equipment and the ongoing contracts of existing customers giving instant cash flow.

This is supported by the franchisor who guarantee’s that the existing revenue is being generated and supplies the all encompassing and on going support of a national franchise operation.

Administration

All administrative support is provided by the franchisor.

Competition:

There is no other company providing the same service in the area.
Quality assurance

The franchise is a member of The Green Organisation, The British Franchise Association and The Environmental Services Association. Quality is assured.

Market Outlook

Green issues become more and more prevalent each day. As the consumer becomes increasingly aware of the need to protect and recycle then demand for this business can only increase.
Premises

The purchaser will be required to relocate the business.
Financial profile:
This business is being sold on an ongoing basis and is already a well-established and profitable concern. All financial information will be provided under the auspices of Turner Butler and will be subject to the normal letters of confidentiality being signed. Turnover for the present financial year will be circa £225,000 with an anticipated pre tax profit being in the region of £64,000.
Management and staff

Each truck has two staff each of whom receive a basic salary plus a performance related bonus.
Support and training:

There will be a minimum of one months training from the national franchise owner, which will encompass every aspect of owning and running this operation. Transfer of ownership will be seamless in every aspect. This is the flagship franchise of this operation and its continuing success is of prime importance to the franchisor.
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

Next steps

If you are interested in finding out more about this business please:

  1. Click here to generate the Confidentiality agreement with your details
  2. Print the confidentiality agreement
  3. Sign the confidentiality agreement and fax each page of the document to 0870 432 3611
  4. We will contact you and put you in touch with the seller of the business.

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