Industrial & Corporate Custodial Business with 40+ Staff
Hawaii Based Business with Low Multiple of 2.65 and 15% Seller Financing Offered!
This Hawaii based custodial business has been valuated at a low 2.65 multiple making this an excellent deal for buyers and the seller has put forward a show of good faith by offering 15% seller financing to sweeten the deal. Their experienced general managers and technicians are self-sufficient, helping to generate over $2.9 million in sales in 2021, and leaving the owner with minimal responsibilities. Their services include, but aren’t limited to, office cleaning and deep cleaning commercially. Since 2005 this commercial janitorial establishment has been able to establish an excellent reputation by offering their services paired with a focus on their customer’s needs. With four locations, one on each of Hawaii’s most populated islands (Kauai, Oahu, Maui, Molokai), this business benefits from excellent name recognition, resulting in repeat clients and little need for advertising. Being 95% recurring, these 27+ repeat commercial clients include some of the largest entities in Hawaii, such as industrial agricultural companies. Their Green Seal certification ensures the highest quality standards in cleaning practices, instilling a high level of trust between this cleaning business and their repeat clientele. They also have the exclusive license in Hawaii to clean one of America’s most popular drapery brands.
The increase of cleanliness and hygienic standards has helped to increase revenue which has been maintained through 2021, as companies, and employees, have a greater appreciation and demand for a clean and sanitary workplace. Between their Green Seal certification and their drapery cleaning license, they can provide exclusive services that cannot be found anywhere else in Hawaii. A new owner will have the flexibility to continue to run the business as is or expand as desired into the residential sector or to other Hawaiian Islands.
Priced at $1,800,000, this business will produce $365,987 after debt payments in the first year! Any potential buyer can feel comfortable knowing that the current owner will offer a one-year training/transition period to assist in learning the ropes of contract renewals and management on multiple islands.
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Omaha, NE 68114
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