Commercial Parking Lot Sweeping & Property Maintenance in Florida

Listing Number: 2201-932935

Description

Commercial Parking Lot Sweeping & Property Maintenance Contractor. This is the largest commercial parking lot sweeping contractor in Southeast US. More than 300 active customers and 160 employees, servicing Florida, and also Georgia, Alabama and South Carolina. Client list includes highly desirable names like Costco, Wal-Mart, K-Mart, Home-Depot, Regency, CBRE, Cohen, and many other solid names. More than 80% of revenues are recurring. Key services include Parking Lots Sweeping, Porter Services, and General Maintenance of Commercial Properties. The asking price includes $1.5M of current Accounts Receivable, by means of working capital. The General Manager is willing to stay, in which case the "owners salary" should not be added back. All prospective buyers must provide BIO/Portfolio and proof of financial capability. SBA buyers will need at least $500k in additional liquidity after injection, direct/translatable industry and management experience, and pre-qualification by the same lender that pre-qualified the business. No exceptions.

Listing Details

• Price: $2,700,000
• Down Payment: $2,700,000
• Sellers Discretionary Earnings: $635,524
• Total Sales: $14,471,210
• Location: Withdrawn, Florida


• Inventory: $0
• FF&E: $36,485
• Employees: 171
• Year Established: 2001
• Reason for Selling: Divesting
• Category: Cleaning