Commercial Window Cleaning Company for Sale

Reference Number: HFM261

Location: Midlands, UK

Turnover: £807k

Status: SOLD

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Business Summary

  • An outstanding opportunity to acquire a well-established, profitable commercial window cleaning business with a robust reputation.
  • Based in the Midlands with clients predominantly in this region (46%), London (26%), the South East (16%) and the North-West (12%).
  • Established 10 years ago, the company has grown year on year.
  • The company offers bespoke window cleaning services using traditional and specialist methods such as mobile-elevated work platforms and specially fitted cradle systems.
  • Clients include corporate facilities management companies, property and asset management firms, and organisations from both the public and private sectors.
  • 50% of their revenue comes from their top 6 multi-site facilities/property management companies, 30% from direct-to-client contracts, 15% public sector and 5% from partnerships (as sub-contractors).
  • In 2013 the company spent time defining and improving their businesses processes. As a result, the main day-to-day running of the business transferred from the directors to the long-serving Office Manager.
  • Staff are continually trained and assessed. They work flexible hours and share the company ethos: to provide transparent, consistent quality services and continually exceed client’s expectations.
  • The company use innovative, in-house scheduling and reporting software to maximise task management efficiency.
  • Their active quality management system includes ISO 9001 and ISO 14001.
  • They are Safe Contractor Approved and boast efficient Safety Management Systems.
  • They are also Contractor Plus Approved (for health and safety standards).
  • The sale of this company would be of interest to an existing cleaning or window cleaning company with a large portfolio, and offers the potential for national expansion.

Services

Following the assessment of a customer site, the company provide a bespoke window cleaning service which can include:

  • Traditional Window Cleaning
  • The use of extendable (to 65ft), water-fed poles
  • Mobile Elevated Platforms
  • Cradle Systems

Other non-window cleaning services such as canopy and roof cleans and high-level dusting are also available.

Employees

  • The two Directors (one full-time, one part-time) head up a team of 15 employees.
  • There are 13 window cleaners, the Office Manager who runs the business day to day, and a part time Telesales Assistant.

Premises

  • A 2000 sq.ft. ground-floor office, storage and maintenance space with secure car parking.
  • Based in the Midlands, the rent is £8,000 p.a. and there is room to expand within the same premises.

Reason for sale

  • The two vendors wish to exit the business, following a handover, for personal reasons, including family commitments.

Financial overview

Year ending 31st March 2013 2014 2015 2016 (Forecast)
Sales revenue £684,893 £826,677 £788,752 £806,968
Gross profit £369,394 £422,745 £395,499 £399,358
Percentage 54% 51% 50% 49%
Adjusted EBITDA £67,500 £137,783 £145,685 £171,508
Percentage 10% 17% 18% 21%
SOLD

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