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Unique white glove cleaning and property management business

Palm Beach County, FL
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Asking Price:$599,000
Gross Revenue:$909,500
Cash Flow:$230,122
Established Year:1990
Listing ID: 2285306Listing provided by BizBuySell
BUSINESS DESCRIPTION

Unlimited expansion potential Palm Beach County, FL

This is a unique white glove cleaning and property management services business located in Palm Beach County, Florida. The business currently has forty-nine (49) homes under management for high-net-worth clients. The business routinely provides cleaning, maintenance, and other services for these homeowners. In addition, if the home is in need of an exterior or interior upgrade or repair requiring the work of a licensed general contractor, the business has a relationship with two firms that are engaged to provide these services.

The owner is willing to stay for an extended period to ensure a smooth transition depending on the needs of the Buyer.

YTD July 2024 Gross Revenue $563,365 and NOI $103,925

YTD July 2023 Gross Revenue $376,709 and NOI $ 78,916

Note: Earnings dropped in 2022 due to owner illnesses.

DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Employees
5
Facilities
Home based business and relocatable
Competition
Market is considered strong by the Business Reference guide. at 3.6 of 4.0 for growth. More and more homeowners are looking for services to maintain property as they age. Aging and high net worth owners is a key feature of parts of Florida. A plan to expand into more areas with a targeted marketing campaign could add to the business opportunity.
Growth & Expansion
Owner has maintained log-term relationships and not engaged in any kind of marketing. There is an opportunity to expand the business through marketing and establishment of a website. Also landscaping and pool management services could be included in services provided with a strategic relationship with a landscape and/or pool services company as an opportunity to add to profitability.
Support & Training
Four weeks
Reason for Selling
Retirement
Home-Based
This business is Home-Based
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