Minister Resale opportunity
An exciting opportunity to run a large, profitable Hertfordshire business
Minster Cleaning Services is one of the UK’s most successful management franchises and a leading force in office cleaning. Annual turnover is over £30 million and average turnover is now well over £700,000 across the 41-branch network. Their Hertfordshire branch was established in 1997 and benefits from a very healthy local business economy and huge expansion potential. It is now available to purchase. Hertfordshire is economically strong with a growing population. It has well above the UK average number of enterprises per head of population and also consistently outperforms the rest of the UK for new business registrations.
Minster’s Hertfordshire branch is currently based in Hatfield and covers a large, densely populated area including the towns of Barnet, Enfield, Hatfield, Potters Bar, Radlett, St Albans, Watford and Welwyn Garden City. Additional marketing rights are available for Hemel Hempstead, Hertford, Luton and Stevenage.
It has been in the hands of the current owner for the past seven years. Since then turnover has grown steadily by 33 per cent from £450,000 to £600,000. The company has a staff of approximately 80, many of whom are part-time. Key employees include a part-time Office Manager, a full-time Supervisor, a part-time Supervisor, a part-time Accounts Clerk and a full-time Relief Cleaner. The branch has a high level of client retention and referrals have always played an important role in new business acquisition.
The business is perfectly positioned for a new owner to take over and, from day-one, continue to run a professionally-organised, staffed business, with a strong, long-term, stable and profitable customer base. In addition, there is massive potential for further growth: 20 per cent of Minster branches turnover in excess of £1m, with profitability of at least 10 per cent and at least two branches that have recently resold have doubled turnover post acquisition.
- Established in 1997
- Excellent, large territory
- Huge expansion potential
- Massive market with multi-sector appeal
- Over 100 regular clients
- Approx. 80 staff members
- Current annual turnover in the region of £600,000*
*Full financial information will be made available to serious purchasers after a formal meeting with the franchise owner and a non-disclosure agreement has been signed.
Guide Price: £165,000 plus stock at valuation. Approved funding can be made available via the major banks, subject to status.
Minster Cleaning Services was established in 1982 and is a full member of the British Franchise Association. Minster provides an essential business-to-business service – the management of office cleaning and allied support services under contract – which has multi-sector appeal and is less susceptible to fluctuations in the nation’s economy than most services.
This is a genuine opportunity to run a large, profitable business and build a valuable, saleable asset by adopting Minster’s tried and tested business model. In addition to being provided with a recognised and well trusted brand, Minster franchise owners receive comprehensive support in all key business areas including IT, marketing, operations, bookkeeping and the constantly changing fields of employment law, health and safety and environmental legislation.
To request more information about this unique resale opportunity, contact Jess Bains below.