A well established branch of Minster Cleaning Services is available for sale at £205,000. The thriving commercial cleaning company’s Nottinghamshire franchise was purchased as a new start in 1994 and current franchisee, John Bate, took over in October 2011. John chose Minster because he knew that the management experience gained from his previous career as a co-director of a health and beauty spa business would prove to be invaluable.
John is looking forward to retirement, he says that the business is stable and staff quality is excellent: “The business employs over 100 staff providing services to clients across a range of business sectors including healthcare and dental practices where Minster’s specialist knowledge has proved to be invaluable. Client retention is good, the branch has around 150 contracts in place and annual turnover is approaching £750,000.
“Minster’s exceptionally large territories offer virtually unlimited scope for expansion and this franchise covers Nottingham, Beeston, Long Eaton, Hucknall, Mansfield, Sutton in Ashfield, Newark on Trent, Grantham and surrounding areas.”
Minster managing director, Mike Parker says: “Contract cleaning is an essential business service with multi-sector appeal so is less susceptible to fluctuations in the nation’s economy than most sectors. With a low EBITDA* multiple, the Nottinghamshire franchise represents great value for money and the investment could easily be recouped in just a few years.”
PwC’s latest UK Economic Outlook reveals that the East Midlands has the fastest growing economy in the UK outside of London and the South East and Nottingham has overtaken Derby to become the fastest-growing city economy in the East Midlands, according to a new UK Powerhouse report.
The purchase of an established franchise gives franchisees cash flow, customers and staff from day one. It can also provide evidence of what can and has been achieved and it can show how the business is likely to perform in varying market conditions.
Most of Minster’s recent franchisees have joined by acquiring a resale and all have made significant positive impacts on the businesses that they bought. They have benefited from taking over at branches which are working well and have an experienced cleaning workforce, knowledgeable field and admin staff and a substantial profit stream.
Purchasers of a resale will benefit from a highly effective marketing strategy as well as help with the transition from employment to self-employment. On-going support also covers accounts, marketing, training and operations and professional advice in the complex fields of employment law, health and safety and environmental legislation.
Minster Cleaning Services was established in 1982 and has been a bfa Full Member since 1992. As the country’s biggest and one of the most successful commercial cleaning franchises, the company offers prospective franchisees with people-management abilities a safe and secure future whether buying a branch which is already up and running or choosing a new area. The top ten branches are averaging annual sales in excess of £1.7million and some are on the verge of joining the Leeds and Wakefield, Liverpool and Sheffield branches in Minster’s £2million Club. Annual turnover for the group is approaching £41million.
As well as the Nottingham branch, there are currently resales available in Devon and Cornwall, all at a fee of £10,000 + VAT in addition to the purchase price of the business. Please contact Minster for further details.
New franchise opportunities include Buckinghamshire, Cambridge, Doncaster, Durham, Leicester, London, Middlesex, Guildford, Peterborough and Swansea. Initial start-up cost is £28,225 + VAT which covers licence, training, computer hardware, stationery, machinery, equipment and materials. In addition, between £40,000 and £60,000 working capital will be needed – finance is available from leading banks subject to status.