Master Janitorial Franchise Confidential, NC 00000
- Commercial real estate
- 1,400 SF
Current Use by Public Records
- Commercial real estate
Property Details for 0 Master Janitorial Franchise
- Year built
- 2008
- Property size
- 1,400 SF
- Property type
- Commercial real estate
Description
This thriving Master Janitorial franchise, operating since 2008, is offered for sale at $1,400,000. Established in 1988, this well-regarded business boasts 91 franchisees across its territory in central North Carolina. The 1,400 square-foot office space, located in a convenient office park, has a lease expiring July 30, 2027. Revenue streams include franchise royalties (16% of franchisee gross revenue), commissions on new franchise sales (85%), upgrades from new janitorial contracts (currently valued at $234,279 as of July 15, 2024), and a loan portfolio valued at $18,883 (as of July 15, 2024). The business provides business-to-business janitorial services, with a strong reputation for quality and efficiency. The seller is relocating to be closer to family. While competition exists, significant growth potential remains, particularly given the rapidly developing commercial sector in the area and projected 5% annual growth in the US janitorial services market through 2028. The business requires minimal assets to operate, as franchisees provide all cleaning services. The ideal buyer will possess sales, marketing, and managerial skills. This presents a unique opportunity to acquire a profitable and scalable business with a strong foundation and significant upside.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Confidential
- County
- Confidential
- State
- North Carolina