Asking Price: $135,000 CAD
Sales Revenue: $140,199 CAD
Cash Flow (SDE): $50,835 CAD
Location: Canmore, Alberta, Canada
Business Type: Residential and Commercial Cleaning Services
Sale Type: Asset Sale
About the Business:
This thriving cleaning business is up for sale as the owner is shifting focus to another venture. Since taking over in 2023, the owner has successfully built a strong team, streamlined operations, and achieved significant efficiencies.
- Market: The business services the Bow Valley, including Canmore, Banff, and Dead Man’s Flats.
- Operations: Managed by a remote administrator and the owner, who works part-time overseeing payroll, invoicing, and recruitment.
- Growth: Business has grown mainly through word-of-mouth, with minimal advertising.
- New Opportunities: Recently secured a major vacation rental management client, boosting growth potential.
Key Details:
Revenues: $140,199 (last 12 months)
Seller's Discretionary Earnings (SDE): $50,835 (last 12 months)
Leased Space: Storage unit at $144.60 per month
Staff: 7 contracted cleaners
Administrator: Paid as a contractor
Clients: Approximately 40 recurring clients
Training: Full training provided by the owner and administrator
Operating Hours:
Office: Monday – Friday, 7:30 AM to 12:30 PM
Cleaning Services: Daily 8 AM to 4 PM, with some commercial services in the evening
Financial Overview:
Asking Price Calculation:
Based on 2.7 times SDE, excluding administrator.
Business Loan Calculator:
Investment: $135,000
Down Payment (30%): $40,500
Amount Financed: $94,500
Term: 72 months
Interest Rate: 11% (for illustration)
Monthly Payment: $1,752
Annual Payment: $21,020
Owner’s SDE After Debt Service: $29,815
Note: Buyers may find lower interest rates or longer payback terms (up to 10 years), reducing monthly payments.
Why This Business?
This is a well-managed, turn-key operation with significant growth potential. Whether you wish to remain hands-off or be actively involved, this business offers flexibility and profitability.
If you're looking for a lucrative investment in a thriving market, this opportunity in Canmore is worth exploring!
For more details and to schedule a viewing, please contact the seller.
