Light industrial for sale in Cleaning Company, Norwich NR6, £1,250,000

1,250,000.00

Offer Nr.:
64798053
Type of ad:
for Sale
Property type:
Light industrial
Contact name:
Gilbert & Rose Commercial
Phone(s):
01702 787467

* Leasehold
Commercial and domestic cleaning company including A fleet of electric and
hybrid vehicles. The business was established twenty years ago and has been
operated by our client continuously. It now comes to market for the first time
as the vendor wishes to retire. The business provides professional, commercial
(80%) and domestic (20%) cleaning services to industry and commerce throughout
Norfolk and Suffolk, but predominantly in Norfolk.
The company is both ISO9001 and ISO4001 accredited and enjoys a high
reputation for the quality, standards and ethically responsible attitude of
its workforce.
There are many long - term contracts in place, many blue - chip and constantly
expanding through client recommendation and referrals. The vendor is running
this easily manageable business with a high degree of attention to detail,
ensuring maximum profitability and I am sure prospective purchasers will not
fail to be impressed with the quality, sheer integrity and professionalism of
the way this concern is run. Our ref: RX259649 - M6725N
**Premises**
The business operates from a well - located unit and benefits from a selection
of hybrid cars and vans. Ten electric charging points have recently been
fitted to serve the fleet of electric cars and vans. The premises consist of a
reception area, boardroom, large storage area and WCs on the ground floor,
with offices, further storage and a kitchen on the first floor. The whole unit
has been refurbished and is presented in excellent condition
**Trading Hours**
Twenty - four hours per day, seven days a week
**Staff**
In the office, the staff are made up of the vendor, operations manager, an
assistant and an administration manager. All financials are undertaken by the
accountants. There are approximately 120 employees on the various sites. The
vendor is willing to stay on for a handover period if required
**Turnover**
For the year ended August 2022, the turnover was in excess of £1. 2 million
with a net adjusted profit in excess of £300k. The half year to the end of
February 2023 shows an increase in turnover that, when extrapolated, indicates
turnover for the full year to be in the region of £1. 5 million, with the net
profit rising accordingly to show a probable £1. 5 million with an adjustment
to the net profit proportionate and showing a similar increase
**Business Rates**
Currently zero business rates, but were circa £5, 000 per annum
**Tenure**
New lease available
**Summary**
What a great business! This highly profitable concern will make a handsome
addition to the portfolio of any experienced cleaning company. With many long -
term contracts in place, this is well worth a look as it is keenly priced to
sell.
The vendor is willing to stay on for a handover period if required
**Disclaimer**
Whilst every care is taken to ensure that these particulars are correct,
accuracy is no way guaranteed and none of the information supplied forms part
of any contract. Acceptance of these particulars constitutes a contract to the
effect that all negotiations for the business or property will be made through
Gilbert & Rose otherwise the purchaser will be equally responsible with the
vendor for damages equal to the amount of our commission

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