Franchise Maid Service For Sale in Affluent Area
South of Boston, Massachusetts
Listing Number: 1605
Asking Price: $499,000
Gross Revenues: $950,000
Cash Flow: $190,000
Real Estate: $350,000 additional, or rent for $1,800/mos/NNN
A subscription business, where customers pay for a service on a regular basis, is a great business. That’s what this business has. Their average customer has been with them for over 6 years, getting cleaning services on a regular basis. That’s an income you can count on.
This business, and the franchise, focus on the higher end of the market – customers looking for a premium service and willing to pay a premium price for it. According to IBISWorld, the top 25% of households, by income, generate 47% of the income to maid service franchises. The towns this business services are among the most affluent south of Boston.
The franchised maid service industry is growing and profitable. According to an IBISWorld report, the revenues grew 2.8% per year in the last 5 years. It is also very profitable – with profits of 11.8% of revenues. Franchised maid service has some important advantages over independents. They are a higher level of service, greater comfort with someone going into their home, and the elimination of the need to find a new cleaner from time to time.
The business has located in an area with easy access by potential employees. Many of the cleaners have been with the business for several years. The average tenure is 6 years. The owner focuses on sales and overall management of the business and has a field supervisor to manage the cleaners.
Growth & Expansion: Additional, related, services can be added, such as window cleaning and carpet cleaning. Marketing can also be increased to grow the business.
Financing: SBA financing with a 10% to 20% down payment should be available to qualified buyers.
Support & Training: The seller will provide training and support to ensure a smooth transition.
Reason Selling: Retirement