Colorado-Based Exterior Building Services Company of 49 Years
Long-Standing Commercial Accounts, Diversified Customer base & Robust Recurring Revenue
The company is a 49-year-old, family-owned company that has been providing window cleaning services to commercial and residential clients in the greater Denver area since 1969. It is currently up for sale to qualified buyers exclusively through Raincatcher. The company is a well-established company with a loyal customer base, highly-regarded reputation, and strong gross margins. This company provides an ideal opportunity for a buyer to enjoy predictable cash flow from a solid, steady business.
The company is a business in the Building Exterior Cleaners industry, which is an industry that generates approximately $9 billion annually. This is an industry that has seen a steady growth rate of five percent annually since 2012. In addition to providing window cleaning services, the company and other companies in this industry provide additional services such as snow removal, pressure washing, gutter cleaning, and high inaccessible dusting and light bulb changing. These additional services supplement and provide steady income during routine seasonal downtimes.
This industry is expected to continue to see steady growth as the economy continues to flourish. New construction and declining vacancy rates in existing buildings provide more opportunities for companies in this industry to service commercial customers. Additionally, increased consumer-spending means that people who once put off residential cleaning services are now purchasing these services once again.
The company’s sellability was assessed through the Value Builder System™. This system is a statistically proven methodology for evaluating privately held businesses. It uses an algorithm that evaluates the business on eight core value drivers that buyers take into consideration when buying companies. It is a comprehensive assessment that has been used on over 40,000 businesses across the globe.
The overall Value Builder score that the company received was 56. Of the eight key value builder drivers, the company rated particularly high in the areas of recurring revenue, customer satisfaction, and the “Switzerland structure” (which evaluates how dependent the company is on one particular customer, employee, or supplier). (Full report available upon request.)
The current owners have done an excellent job of maintaining and earning multiple streams of income, maintaining excellent service to their customers and diversifying their suppliers and employees so that the company is not overly dependent on one particular person or company to maintain its business.