Under Offer! Cleaning Business – Display Homes – Newcastle

Business ID: BS145221

Last 3 years average profit to owner of $290K per year for 25hrs per week. Sale Price $726K

Established for over 22 years this business performs display home cleaning and maintenance services to a number of the regions’ major residential building companies. Services are also provided to some Over 55’s villages.

-Long term growth in revenues and profits
-Established 22 years
-Owner works in business 25 hours per week
-Long term well-trained employees in place
-New display homes being built could substantially increase business
-Work confined to Central Coast, Newcastle, Lower Hunter
-Easy management
-Ongoing repeat work with ‘set and forget’ roster
-Long term relationships with a good spread of long term clients
-Profit to owner FY 2019 309K, FY 2020 318K, FY 2021 expected to be similar

The vendor will provide training and introduction to all clients and staff and will provide training on the standards maintained and business administration.

This is a fantastic business that is positioned for further growth as a result of the significant amount of development in residential housing in the Newcastle, Central Coast and Lower Hunter regions. Significant new land releases are underway that will include over 22 new display homes being built by existing clients and by potential new builders to the area.

Current owner selling due to retirement.

Asking Price: The Goodwill, Assets and Stock of the business are for sale for $726,000 (+GST if applicable)

Property Code: 2020