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ServiceFor Sale

Established Commercial Cleaning & Facility Management Company - Springfield, RI

Springfield, Rhode Island

About This Business

This well-established commercial cleaning and facility maintenance business has been serving the Springfield and greater Rhode Island area since 1998. With a strong reputation built over 26 years, the company maintains a diverse client base including office buildings, retail establishments, and industrial facilities. The business operates with a dedicated team of 23 experienced employees who deliver consistent, high-quality service to ensure client satisfaction and retention. The company generates annual revenue of $97,916 with a healthy annual cash flow of $17,056, demonstrating solid operational efficiency and profitability. The established customer relationships and reliable service model provide a stable foundation for continued growth under new ownership. With contracts in place and recurring revenue streams, this turnkey operation requires minimal ramp-up time for an experienced operator. The owner is retiring after more than two decades of successful operations and is seeking a qualified buyer to continue the company's legacy. This represents an excellent opportunity for entrepreneurs or existing service business operators looking to expand into the Rhode Island market with an immediately profitable, established enterprise.

Financial Details

Asking Price
$65,000
Cash Flow
$15,000
Gross Revenue
$100,000
EBITDA
$15,000
Inventory
N/A

Business Details

Established
1998
Employees
23
Real Estate
Included in Price
Reason for Selling
Retirement
Financing
No
Training
No

Deal Analysis

Estimated figures for analysis purposes only. Consult a financial advisor.

Price/SDE Multiple
4.3x
Price/Revenue
0.7x
DSCR
1.84
Cash on Cash ROI
-817.7%
Down Payment (SBA 10%)$6,500
Loan Amount$58,500
Monthly Payment$679/mo
Annual Debt Service$8,151
Owner Salary$60,000
Cash Flow After Debt + Salary$-53,151
Asking Price
$65,000
Cash Flow: $15,000

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