Friday, 16 March 2018

S-2605-6 RFM LONG ESTABLISHED JANITORIAL COMPANY WITH STABLE PROFITABILITY (US)



Business Description:
41 year-old janitorial services company with operations across four states in the Northeast. Customer base is specialized in grocery stores, convenience stores, food production facilities and fitness centers Services include cleaning, floor refinishing, porter services and specialized food department and storage freezer services. Services are performed with a combination of self-perform (20%) and subcontractor labor (80%) with employees servicing accounts in the local corporate area and subcontractors performing services in remote areas as well as all floor refinishing work. The subcontractor status has been vetted by both the DOL and the IRS with no issues.

Operational Strengths:
-Growing revenue and profitability
-Long-term and financially stable client base
-Scalable business model supports geographic expansion
-Experienced management team
-Proven processes facilitate bidding on quality service and not price alone

The Transaction:
After 40 years with the Company the Owners are planning for retirement but are willing to stay on as long as necessary following a transaction. No adjustment for their salaries has been included in the Adjusted EBITDA but would need to be if the Buyer does not wish for them to remain for an extended period.

Financial Summary

2017 Forecast
2016
2015
Revenue
10.98 M
10.68 M
10.80 M
Adjusted EBITDA
1.69 M
1.68 M
1.67 M

Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC Classification
Northeast
Compiled
Yes
40+
7349

  

Direct All Inquiries to:

                                                        Gottesman Company        
Refer to:  S-2605-6 RFM
Tel: 212-330-8010     Fax: 646-434-4557
                                      E-mail: office@gottesman-company.com