Ideal opportunity to acquire a recession proof business with
tremendous growth potential and year round profits.
Would
suit a new entrepreneur or a bolt on for an expanding company.
The Business
Started less than two years ago, ‘Mix & Fix’ has grown impressively in the short time that it has been established. Right from the word go, fastidious attention to detail has been implemented with regards to the image that the owner wanted to portray to his clients (90% of which are commercial). From the sign written vehicle downwards every effort has been made to promote a professional image and it has paid off because the company is now regarded as the premier cleaning/maintenance company in the area with an unrivalled reputation and loyal customer base. The work is split 50/50 between cleaning and maintenance. This includes a lot of work for estate agents and landlords who want buildings cleaned and repair work done all by the same reliable source. The company provides a comprehensive range of services including commercial, domestic, retail, end of tenancy and ‘new build’ cleaning. Also carpet and upholstery cleaning and property maintenance are catered for.
Location
Although the company is based in Enfield, Middlesex, they have intentionally targeted a wide radius that includes much of London particularly the affluent areas around Hampstead. Because of this large target area there is no lack of new business potential available to fuel the growth that the business has enjoyed so far and aims to continue into the future.
Premises and Tenure
The business is currently run from home and is therefore entirely relocatable within the thirty-mile radius that the business covers. In the current uncertain economic climate, the fact that the business incurs no rent, rates, electricity or other property overheads means that its future is more secure and it can, if necessary, undercut competitors when quoting for work and still retain its profitability.
Assets
The assets include a fully sign written, 04 plate, Nissan Primastar van, Pro-Chem 2000 professional carpet cleaner, ‘Victor’ industrial vacuum cleaner, two lawnmowers and all ancillary equipment required to run the business at its current level. Plus website and domain name.
Marketing
The business is surprisingly successful considering it does very little advertising (apart from Yellow Pages etc) relying on its reputation, repeat business and word of mouth to grow. There is also a very effective website www.mflcleaning.co.uk which explains their services.
Financial Information
Turnover for 2007-2008 is forecast to be £60,000. Full accounts will be available to potential purchasers on request.
Personnel
At present, apart from the owner (who spends approximately 50% of his time running the business and 50% ‘hands on’ work.), there are two maintenance staff, used as and when necessary, and two cleaners with a third being employed imminently. All cleaning staff are trained to BICSc standard and briefed on health and safety procedures. Although the owner will be leaving on sale of the business, the other employees would be happy to stay if required and would provide valuable knowledge and continuity.
Potential
As mentioned above the owner runs the Business to a very high standard and has a very professional website. However that does not mean that there is no scope for expansion/diversification.
This type of business can encompass many other complimentary services which the current owner has not had time to explore. Also local authority work could be tendered for.
The business has prospered perfectly well through word of mouth and repeat custom however more aggressive marketing should be considered to increase turnover further.
Reason For Sale
The owner and his family intend to emigrate to Cyprus in the near future.
He is more than happy to provide an adequate handover period to provide an opportunity for the new owner(s) to become acquainted with the business, the staff, and the clientele, and continue the enviable reputation that this business has built up since its inception.
Comments
This business would be an ideal add on for a successful cleaning or maintenance business that wishes to expand through acquisition with the minimum of work involved. It would also provide an excellent opportunity for an individual with or without experience who wishes to strike out on their own without the normal start up risks and with the wonderful reputation and goodwill that goes with the company already in place. Either way this is a unique opportunity to purchase a popular and thriving business and early discussions are highly recommended.
Price £39,000
The Next Step
If you require any further information or would like an appointment to view the business. Please telephone 0844 561 1806. Viewing is strictly by appointment only, through ABC Business Brokers and no approach whatsoever should be made directly to the vendor.
Early viewing is advised
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