Sold! Specialist Industrial Cleaning Business – Vic
Business Sold BS152014 BS152014, Melbourne, Victoria 3000
Business Category Cleaning Machinery Manufacturer
SOLD
Description
Sold! Specialist Industrial Cleaning Business – Vic
Business ID: BS152014
Specialist Industrial Cleaning Business With Regular Customers. High Margin with Profit to a non working owner of $268,000
This business was started in 1980s, and specialising in the cleaning, restoration and ongoing maintenance of HVAC systems and industrial workplaces. The business has long standing relationships working with some of the leading most of Victoria’s leading Air Conditioning and Facilities Management companies (both directly and subcontracting indirectly).
The current owner took over this business in 2019 and has structure the business so that it can operate “under management”. He has employed a full-time Operation Manager for the day-to-day operation of the business who is responsible for quoting of new jobs, rostering and follow-up with customers. There is an Admin Manager looking after the accounts, plus a Team Leader undertaking the cleaning work with the support of several team members.
While not working in the business, the owner is in regular contact with the managers, and controls the payment of wages and expenses.
Key Business Highlights:
- The cleaning and servicing of HVAC and working areas (in industrial environment) is a regulatory requirement and is therefore an essential service.
- Revenue of FY2022 $733,000 generating profit to a non-working owner of $268,000
- High profit margin business with potential for improvement
- An established history and reputation in delivery of quality results
- Good reputation with portfolio of regular customers
- A team with experience and good safety records
- No marketing as all work is generated from existing customers and referrals
- Potential for attracting new work and customers with investment in sales and marketing
- Regular income as the cleaning and maintenance services are performed on a recurring schedule
- Price including 2 vans, a car, special cleaning equipment and tools
The owner has decided to sell the business due to family commitment and full-time professional work and is unable to take this business forward. This offers the unique opportunity for an existing business to consolidate their position within this market and/or individual to capitalise on the strong foundation set by the outgoing owner to grow the business by offering additional cleaning services, marketing efforts and applying for tender.
Asking $785,000
Property Code: 3109
Specialist Industrial Cleaning Business With Regular Customers. High Margin with Profit to a non working owner of $268,000
This business was started in 1980s, and specialising in the cleaning, restoration and ongoing maintenance of HVAC systems and industrial workplaces. The business has long standing relationships working with some of the leading most of Victoria’s leading Air Conditioning and Facilities Management companies (both directly and subcontracting indirectly).
The current owner took over this business in 2019 and has structure the business so that it can operate “under management”. He has employed a full-time Operation Manager for the day-to-day operation of the business who is responsible for quoting of new jobs, rostering and follow-up with customers. There is an Admin Manager looking after the accounts, plus a Team Leader undertaking the cleaning work with the support of several team members.
While not working in the business, the owner is in regular contact with the managers, and controls the payment of wages and expenses.
Key Business Highlights:
- The cleaning and servicing of HVAC and working areas (in industrial environment) is a regulatory requirement and is therefore an essential service.
- Revenue of FY2022 $733,000 generating profit to a non-working owner of $268,000
- High profit margin business with potential for improvement
- An established history and reputation in delivery of quality results
- Good reputation with portfolio of regular customers
- A team with experience and good safety records
- No marketing as all work is generated from existing customers and referrals
- Potential for attracting new work and customers with investment in sales and marketing
- Regular income as the cleaning and maintenance services are performed on a recurring schedule
- Price including 2 vans, a car, special cleaning equipment and tools
The owner has decided to sell the business due to family commitment and full-time professional work and is unable to take this business forward. This offers the unique opportunity for an existing business to consolidate their position within this market and/or individual to capitalise on the strong foundation set by the outgoing owner to grow the business by offering additional cleaning services, marketing efforts and applying for tender.
Asking $785,000
Property Code: 3109
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