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Commerical Janitorial Service For Sale - Los Angeles, California
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Profile: Commercial Janitorial Business,great B2b Bizness, 82yr Old Owner Ready To Retire.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Mark Tabbert, Agent
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| Primary Phone: |
949-752-9700 X103 |
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| Alternate Phone: |
None Given |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
4/15/08 |
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| Date Last Revised: |
4/15/08 |
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| BizBen Ad #: |
118786 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$475,000 |
| Down Payment: |
$285,000 |
| Annual Revenue: |
$769,000 |
| Annual Adjusted Net: |
$199,000 |
| Price Range: |
$250,001 to $500,000 |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Call |
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Description:
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Commercial Janitorial Business With No Field Supervision Except For The Office Manager And The Owner Who Can’t Remember Visiting A Building After Hours In The Last Five Years. The Seller Does Virtually Nothing On The Weekends. The Exception Would Be A Very Rare One Time Assignment For A Sizeable Customer At A New /Different Location. The Owner’s Typical Day Is 9-12 And 2-5. The Owner Does His Own Telemarketing, About 8 Hours / Week. The Business Writes Contracts For One Or Two Years With 30day Cancellation Clauses. His Largest Two Accounts Make Up Approximately 16-18% Of His Business, Approximately 8-9% Each. He Has Approximately. 60 Accounts. He Has Had Many Accounts For Years But Attrition Is Part Of The Janitorial Business And Account Names Do Change. The Level Of Business Has Grown Steadily The Last Several Years. Prices Were Raised Along With The Last Minimum Wage Increase Without A Problem But Prices Have Not Always Been Raised Along With Such Increases. However The Seller Believes That His Prices Are Set At What The Market Will Bear. His Bidding Target Is A 35% Gross Margin. The Larger The Building The Lower The Margin Is His Understanding Of The Market. North To South His Customers Are Located Between L.A. And Long Beach, And Between The 605 To The East And The 405 To The West, Generally Speaking Area Codes 310, 562 And 213. All Accounts Are Commercial / Industrial. 70% Of His Workers Are Independent Contractors And 30% Are Employees. The Workers Decide How They Want To Be Treaded, 1099 Or Employee. Some But Not All Of His 1099’s Do Work For Others. The Owner Is Not Sure Of The Breakdown. His Year Ends March 08. The Owner Is 82.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Mark Tabbert, Agent at 949-752-9700 X103 |
See All Our Other Businesses For Sale We Have Available
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| 2008-05-16 |
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