Hilton Smythe Commercial are delighted to welcome this Cleaning Contractors to the Market. The business was established and has remained under the careful control of our client since it was established over 40 years ago, and is now offered for sale as the current owner prepares for retirement.
The business offers contract cleaning services to a large variety of small and medium sized businesses as well as host of other services including large scale window cleaning, building site / renovation works cleaning, roof repairs, gutter cleaning and other maintenance tasks. 90% of the work carried out is contract window cleaning of commercial buildings.
The business currently has numerous contracts secured, however, would benefit from expansion into formal cleaning contracts with the local council or larger businesses, which would bring further added security to the business along with the increase in revenue.
The business enjoys a great deal of repeat custom, and is able to use its 40 years experience to its advantage above other contractors. Naturally, the business has developed an enviable reputation locally, and this is testimony to its success, reflected in its balance sheets.
We are further advised that a potential purchaser may be able to expand the business by revising the opening times, and considering opening over the weekend, or offering services in the evening. At present it would be true to say that the business is being run very much to suit the needs of the owner and not to its full potential.
The business currently operates in a radius of around 20 miles of Macclesfield, we feel that the expansion of the business may naturally take it further afield, and coupled with a marketing campaign to potential clients outside of this geographical area, will introduce new custom.
We feel that this business would be an ideal acquisition for a similar business to add to their portfolio, or could be the ideal investment for a purchaser new to the contract cleaning business, because of its financial stability.
FINANCIAL PROFILETurnover for the previous financial year of 2015 is in the region of £107,600, with a good gross profit.
The businesses 40 year trading history has shown a consistent and increasing financial profile, which is testimony to the hard work of our client.
The business currently employs 5 members of staff working 20- 30 hours per week, along with the owner managing the business.