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That names sounds familiar..... Rocco. I think we knew each other in a different life.... Global Cleaning Association or Clean Talk..... maybe not.....?
There are different ways to do it. Personally, I'd not get in to the cleaning business. Although it made me a LOT of money, but I wouldn't do it again. We only did residential but keep in mind if you do commercial you should clean carpet and strip & wax jobs. Windows probably wouldn't hurt either.
Most guys that start an office cleaning business will never make a heck of a lot of money. Just like mowing.... there is a crap load of money to be made in mowing yet lots of guys don't make a lot of money in mowing.
Cleaning can be quite profitable. It's so unglamorous, there's less competition. Nobody really wants to start a janitorial cleaning business, let's be honest.
Mom and pop sized yet still substantial cleaning businesses may be available for sale at reasonable P/E multiples. Think of all the soon to be retirees that need to sell. We aren't talking tech companies here. 2, 3, 4, 5x earnings maybe. That makes it possible to rapidly grow through acquisitions, if financing can be secured as others mentioned on here. Treat it just like a real estate or other cash flow investment business. The numbers on the spreadsheet are what's important. If they can add up to your advantage, with a large degree of safety it's worth doing. It doesn't matter if some of the money is made cleaning toilets, or polishing door knobs on Judge's offices. Money is all the same, what matters is that the cash flows won't just disappear.
Fun fact, Kurt Cobain tried to start a Janitorial business.
How do you find customers/clients for these businesses?
If you deal with Commercial, you do it yourself. Just walk into business and ask if they can use your service. If you belong to a franchise, they can acquire accounts for you and you pay a fee.
Yep, I almost purchases a Janitorial Franchise once. It's easy work, just not glamorous. My cousin used to be a supervisor while in still in school back in the old days and anytime I visited him, we would go from offices to offices cleaning. We didn't have to deal with anyone because it was after hours. Mostly it was in the middle of the night.
Met a fellow a long time ago who did very, very well as a Franchise owner. He now makes very good money where he just collects the money and pay his employees. He is no longer physically involved in the business.
Long ago, 30 plus yrs ago, I used to date this guy, and in the evening we would go clean banks. It was his Dad's business.
The cleaning consisted of emptying the garbage cans, vacuuming, cleaning the bathrooms, and some dusting. Wouldn't take us long, then on to the next one.
His dad also was the company that cleaned up after they built the Macy's store here in town.
Sounds like you're wanting to do something on a much larger scale perhaps.
How much should i sell a Comercial Cleaning Company doing $125.000. 00 per month in receivables
Just a guess, but I am going to say it is worth 1-1.4m. About .7-.9 of revenue.
I am sure there are brokers out there that deal with selling these type of businesses that would be able to give you much more accurate information.
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