Sun Acquisitions is pleased to announce the sale of a commercial cleaning company that services customers throughout the Chicago market.
The company is an exceptional full-service commercial cleaning company with contracts in place to generate recurring revenue with high margins to allow the new owner to count on immediate cash flow. There is a team in place of trained employees and a new website to continue to market the business. The company provides a great platform to expand the company in additional markets.
There is a growth opportunity present to add more commercial services to its current customers. There is also an opportunity to increase advertising and expand to other markets to service more commercial customers. Sun Acquisitions generated over 40 inquiries, which led to over 10 qualified buyers and multiple offers for the business. The business was sold to an individual in the industry as an add-on to the buyer’s current business.
According to the IBIS World Industry Report, demand for commercial cleaning services increased over the past five years, as rising corporate profit led to an increase in business cleaning expenditure. Commercial cleaning business operators are expected to make acquisitions and forge partnerships with industry players that offer similar services. The industry has a projected growth of 2.0% in 2019 alone. (Source: IBISWorld Industry Report 56172, April2019.)
Burt Evans was the lead advisor and managed all aspects of this client engagement. Burt is a senior advisor for Sun Acquisitions and has over 30 years of experience as a business owner.