Details

INVESTMENT HIGHLIGHTS

• 50 Years in Business
• Large, blue-chip customers, including major universities, hospitals & hotels
• Clean financials
• 90% of revenue comes from repeat customers
• Diversified customer base
• Private labeled line of cleaning supplies
• Established sales team will remain with the business after the sale

DESCRIPTION

Our client (“Project Clean”) is a leading value-added distributor of janitorial supplies and equipment to large manufacturers, major universities, and retail and foodservice businesses.

But Project Clean is more than just a distributor. In addition to selling janitorial supplies, the company also provides matting, training, repair, calibration, and delivery services. It also developed and sells its own private labeled product line, including air fresheners, cleaners, polishes, and degreasers. The Company also provides specialized training programs, workshops, and seminars to customers and cleaning professionals in its market area.

With over 520 active customers, the education and hospitality sectors account for 34% and 25% of its business, respectively, with no single customer accounting for more than 10% of revenue.

The company has 11 full-time and 1 part-time employees, including three full-time sales professionals.

Project Clean had revenues of $3,518,280 and adjusted EBITDA of $152,037 in 2021. 2021 revenue increased 4% over 2020. The four-year average seller’s discretionary earnings are $211,721. The asking price includes roughly $80,000 in fixed assets and $500,000 in inventory.

The company’s owners retained Jackim Woods to sell the company so they can begin to transition to retirement. The owner who leads the sales & marketing efforts is willing to help the buyer for a transition period of up to 1 year.

A detailed offering memorandum and audited financial statements are available to qualified principals upon receipt of a signed nondisclosure agreement.

INVENTORY AVAILABLE AT COST

Asking Price DOES NOT include inventory valued at $500,000.

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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.