This award winning maid service began operations in the mid 1970s and has earned a strong reputation for trust, reliability and customer service approach to business. Revenues and earnings have been steady year-over-year due to a large residential client base that is on a set recurring schedule and numerous casual call-in clients. The business is staffed with over twenty professional maids, many of whom have been with the business for over five years. There is one full-time office manager that manages day-to-day operations while a part-time employee assists with administrative tasks. Current owner maintains occasional involvement (two hours daily) in the day-to-day operations and remains responsible for back-end tasks such as billing, bookkeeping and advertising coordination. With new ownership’s involvement in such daily functions, the business will be able to significantly improve an already healthy level of bottom line profits.
The business has an all encompassing, highly interactive website that has detailed information on services offered, prices, an online quote form to book services online and a chat feature. The maid service uses a highly sophisticated CRM software campaign to specifically focus on retaining new customers and keeping in touch via newsletters, e-mail marketing campaigns and e-books with current and future customers to drive current and future growth,. Additionally, the business outsources SEO, SEM and SMO work to a third party.
The business is highly ranked on many online directories and has exceptional customer reviews. It has won many awards for outstanding business excellence and is the #1 choice for maid services in Toronto. The business has established, documented processes and procedures and a database scheduler/manager software program. The company is operated out of an office in downtown Toronto since its inception, however, the business can be easily relocated due to a flexible lease option.
This is an excellent acquisition opportunity for an individual looking to grow an established business that generates strong cash flow or for another business in the same industry looking to expand by acquisition. This opportunity is ideal for new ownership with an active management style to further grow a steady revenue generating business.
Asking Price: $249,000
FF&E (incl.): $6,000
Normalized SDE: $113,000
Normalized EBITDA: $73,000
Asking Price $249,000
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