Commercial Cleaning Business - Wellington Based - Great Cash Flow - No Bad Debts

  • Price on application
  • Listed: Thu 19 Oct, 12:12 pm
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Listing #: 1445615584
Location: Wellington
The client is the owner of a well-established commercial cleaning business, with predominantly Wellington-based customers (90% plus). The business has been in operation for approximately 15 years. Customers are comprised of Government (56%), Corporate (16%) and others (28%). More than 90% of receivables are collected within 30 days following invoice.

For the 2017 financial year the business reported the following:
Revenue - $850,000
Gross Profit - $643,000
Net profit before Tax and Owners Salaries/Dividends - $274,000

Year to date results for the 2018 financial year are similar to the above.

Interested parties should e-mail to obtain a copy of the Confidentiality and Non-Circumvention Agreement that must be executed prior to the release of the following information:

• Financial Statements for the year ending 31st March 2017
• Aged Receivables and Payables as at 31st March 2017
• Management Accounts for the period ending 30th September 2017
• Aged Receivables and Payables as at 30th September 2017

Seller's Details

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  • Member since Sep 2013
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