Profitable Distributor of Janitorial Supplies
Industry: Miscellaneous Store Retailers
Listing ID: DS-22-3
Listing Status: Under Contract
• 50 Years in Business
• Large, blue-chip customers, including
major universities, hospitals & hotels
• Clean financials
• 90% of revenue comes from repeat
• Diversified customer base
• Private labeled line of cleaning supplies
• Established sales team will remain with
the business after the sale
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 the attached nondisclosure agreement.
Total Sales: $3,500,000
Cash Flow: $211,721
FFE Included: Yes
Inventory Included: Yes
Year Established: 1972
Lender Pre-Qualified: Yes
Absentee Owner: No
Monthly Rent: $5,000
Square Footage: 14,000
Facilities Information: The company occupies a 14,000 SF leased facility with approximately 11,000 SF of warehouse space; the rest is offices, a showroom, a conference room,
restrooms, and the service department.
The company occupies a 14,000 SF leased facility with approximately 11,000 SF of warehouse space; the rest is offices, a showroom, a conference room,
Reason For Sale: Retirement
Training & Support: Up to one year
Up to one year