Buyer BLI12322 Walmer Street

Shawnee Mission, Kansas 66209(913) 207-2770

Listing #: 12497 Title: Residential Cleaning Business - Excellent Demographics

SIC Code: 561720 Category: Cleaning / Maid Services

County: Johnson City: Confidential Zip/Postal Code:

Confidential

State/Prov: Kansas Country: United States

Contact Information

Chris Kerth

Business Intermediary

Office: (913) 207-2770Cell: (913) 207-2770Fax: N/AEmail: c.kerth@murphybusiness.com-

Status Active

Listed Price $390,000

Down Payment $390,000

Discretionary Earnings $130,640

Revenue $609,688

Total Assets Included $14,000

Real Estate Included inPrice

-

Business Description

Great working environment and absolutely no experience is needed. You will walk into aterrific opportunity with proven systems in place and plenty of opportunity for growth. Thisopportunity has the cash flow and established reoccurring revenue to supportthe purchase of the business, a nice owners salary and a good ROI. A dedicated staff isthe face of the business and has established re pore with each customer. This is anincredible opportunity for growth in one of the most sought out territories due to itsexcellent demographics. The model is very scalable and the business has a highcustomer retention rate.

Spend more time with your family!! The demand in this operation allows you a Mondaythrough Friday, 8 to 5 work week ...so you will have your weekends and holidays toyourself and for your family. We clean homes but as an owner, you are in a managementrole. Dress how you like, work ideal hours and have the personal life you want. This is arecurring cash-based business – No accounts receivable and No inventory!

Facilities/Location/Real Estate

The small professional office, in a great neighborhood, centrally located within thefranchise territory makes for a good place to operate. Easy access, plenty of parking andextra space for expansion makes this a good location.

Historical Financial Summary

Data Source P/L Statement Tax Return Tax Return Tax Return (N)Year (Cash Flow) 2016 2015 2014 2013Gross Revenue $609,688 $611,463 $566,881 $375,614 $0Gross Profit $609,688 $611,463 $566,881 $375,614 $0Expenses $529,314 $550,819 $496,676 $382,050 $0Net $80,374 $60,644 $70,205 $-6,436 $0Benefits $0 $0 $0 $0 $0Interest Expense $0 $0 $0 $397 $0Depreciation $0 $467 $584 $974 $0Amortization $0 $2,980 $2,924 $2,254 $0Total Add Backs $50,266 $32,939 $6,715 $7,160 $0Owner Benefit $130,640 $93,583 $76,920 $724 $0

Reason For Sale

The current owner is selling to retire.

Products, Services & Licenses

The franchise company offers extensive training and support. The seller is available to insure a smooth transition. No experience needed.

Operations Location

Year Established 2012 Type of Location Office Building

Year Owned 2012 Square Footage 1800 Form of Ownership Limited Liability Company

(LLC)Lease/Month $1,575

Lease Expires 11/30/2017Absentee Owner No Terms & Options -Hours Owner Works 45 Relocatable NoDays & Hours Monday-Friday

7:30am-4:30pmHome Based No

Number of Employees 2 ft 14 pt Franchise YesManagers 16

Assets/Liabilities Amount Included in Sale Amount Included in SaleAccountsReceivable

$ - Real Estate $ -

Inventory $3,000 Yes Liabilities $ -F F & E $11,000 Yes Other $ -Leasehold $ - Total Assets $14,000

Assets/Liabilities Comments

Unlike other residential cleaning franchises, this business model allows growth with minimal capital investment. Additional territory was purchased fora enlarged territory.

Financing/Terms Lender Prequalified: No Assumable Notes Amount: $0 Mos: 0 Rate: 0.00% Mo. Pmt: $0Seller Financing - Business Amount: $0 Mos: 0 Rate: 0.00% Mo. Pmt: $0Third Party Financing Amount: $0 Mos: 0 Rate: 0.00% Mo. Pmt: $0Seller Financing - RealEstate

Amount: $0 Mos: 0 Rate: 0.00% Mo. Pmt: $0

Financing Comments

Seller will consider seller financing to qualified buyers on a case by case basis.

Non Compete 300 miles 3 years

Training & Support 2 weeks 0 costs

Competition

Residential cleaning is a $10 BILLION dollar industry which is projected to grow another 16% by 2017.

Potential for Growth

Top ranked SEO drives a bulk of the new business.

Detail Income Statement Add Backs

Data Source P/L Statement Tax Return Tax Return Tax Return (N)Year (Cash Flow) 2016 2015 2014 2013Revenue Expenses Compensation of Officers $48,000 $0 $0 $0 $0 Salaries and Wages $0 $26,000 $0 $0 $0 Interest $0 $0 $0 $397 $0 Charitable Contributions $1,276 $0 $0 $0 $0 Depreciation $0 $467 $584 $974 $0 Amortization $0 $2,980 $2,924 $2,254 $0 Convention $1,581 $1,415 $0 $926 $0 Dues and Subscriptions $805 $798 $818 $325 $0 Supplies $1,104 $1,279 $2,389 $2,284 $0 Credit Card Fees $-2,500 $0 $0 $0 $0 Total Add Backs $50,266 $32,939 $6,715 $7,160 $0

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