How Much Is My Cleaning Business Worth?

If you own a cleaning business, you might be wondering, “how much is my business worth?”
With season in the rearview mirror, I thought this would be a good time of year to update you on cleaning business sales throughout Florida and give you some data regarding sales and pricing. Here are some numbers for you to ponder:

4 = the number of cleaning businesses sold year to date by Business Brokers of Florida Association members.

$166,625= the average sale price of the sold cleaning business.

$80,957= the average owner benefit generated in each sold cleaning business.

1.966 = the owner benefit multiple (sales price divided by owner benefit) of the 4 sold cleaning businesses.

1.661 = the historical owner benefit multiple of all cleaning businesses ever sold in the state of Florida.

100% = the average percentage down of the 4 sold cleaning businesses.

What does this mean?

Cleaning businesses are in demand, in spite of a more conservative and cash strapped buying clientele, the year to date owner benefit multiple is higher than historical multiples, and down payments have been 100% of the sales price. If you have been contemplating selling your cleaning business, now is a great time! Please contact me for a free, no obligation discussion.

Please download a complimentary edition of my July-August 204 Newsletter here.

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For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at eric@buysellflbiz.com or 239-738-6227. Also, visit our Florida Business Exchange website at http://www.fbxbrokers.com and my personal website at http://www.buysellflbiz.com.