How Much Is Your Florida Cleaning Related Business Worth?

A question on the top of every business owner’s mind is, “How much is my business worth?”

With year end approaching, I thought this would be a good time to update you on cleaning related business sales throughout Florida and give you some data regarding sales and pricing. Here are some numbers for you to ponder:

• 18 = the number of cleaning related businesses sold in the last twelve months by the Business Broker of Florida Association members.
• $317,206 = the average revenue of the 18 sold cleaning related businesses.
• $189,033 = the average sold price of the 18 sold cleaning related businesses.
• $92,729 = the average owner benefit generated in each sold cleaning related business.
• 0.60 = the revenue multiple (sold price divided by revenue) of the 18 sold cleaning related businesses.
• 2.04 = the owner benefit multiple (sold price divided by owner benefit) of the 18 sold cleaning related businesses.
• 83% = the average percentage down payment of the 18 sold cleaning related businesses.
• 229 = the average number of days on the market of the 18 sold cleaning related businesses.

What does this mean?

Cleaning related businesses are in high demand. And, in spite of a more conservative and cash strapped buying clientele, they are still paying near historical multiples with a percent down not realized in many other industries. If you have been contemplating selling your cleaning related business, now is a great time! Please contact me for a no obligation discussion.

For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.