GOTTESMAN COMPANY &  Cooperating Intermediaries Seller Profile
United States, Canada & Europe Since 1985
America’s International Network of M&A Business Brokers

Acquisition Opportunity

JANITORIAL SERVICES

Business Description:

Started in 1978, the business is a well-established, highly reputable, janitorial services company serving a very diverse client base in the Midwest. The Company also performs painting and water restoration services. Seven supervisory personnel report to the Operations Manager along with approximately 275 full-time and 25 part-time non-union staff.

Distribution:

In 2017, the Company billed 48 clients consisting of 10 school districts for 70% of volume, 10 government offices for 10.5% with the remaining 28 revenue centers being commercial accounts. There are 96 total building sites being served with contracts running 3-15 years. The business utilizes a staffed warehouse/office facility to coordinate distribution of supplies and equipment and maintain inventory control. The Company has a complete website and also uses direct marketing to reach new clients.

Operational Strengths:

  • Approximately 45% of the cleaning level staff are paid as Independent Contractors.
  • Only 3 supervisory level staff receive health care benefits and paid vacations.
  • There are 2 executive administrative positions that include the owner and a Sales Manager.
  • The business accounting office is home-based.
  • The Company is a member of Building Service Contractors International and is a Certified Member of Green

    Clean Contractors of North America.

The Transaction:

The owner is preparing to retire and is open to discuss part-time involvement after an acceptable transition period.

Financial Summary, $000s

 

2019 Est by Seller

2018

2017

Revenue

$7.7 Mil.

$7.6 Mil.

$7.3 Mil.

Adjusted EBITDA

$1.0

$908k

$511k

 

Other Highlights

Location

Financials

Management Team in Place

Years in Business

SIC Classification

Midwest

Compiled

Yes

40

7349

Direct All Inquiries to:
Gottesman Company
Refer to:  S-1882 SJE
Tel: 212-330-8010     Fax: 646-434-4557
E-mail: office@gottesman-company.com

R 2/27/2019

Gottesman Company – 200 East 71st Street – New York, NY 10021 www.Gottesman-Company.com

This document is confidential and contains proprietary information belonging to Gottesman Company. It is unlawful to reproduce or distribute without express written consent of Gottesman Company. No warranties or representations are made in connection with the information provided herein. Gottesman Company is an M&A Business Broker, whose mission is to locate opportunities and introduce participants.