Minster Cleaning Services Hertfordshire
Minster Cleaning Services was established in 1982 and is a full member of the British Franchise Association. Minster provides an essential business-to-business (B2B) service – the management of office cleaning and allied support services under contract. Each contract is self-contained and managed by one or more of the 41 franchised branches nationwide.
Minster states that their management franchise offers a genuine chance to run a secure, large, and profitable business by adopting their tried and tested business model. Nearly a fifth of Minster’s franchised outlets have an annual turnover of more than £1 million, with average branch turnover in excess of £700,000.
The franchisees have been operating successful Minster branches for an average of 12 years. By offering a fundamental service to organisations of all types over a large geographical area, Minster states their franchisees never run out of potential customers.
In addition to being provided with a recognised and well trusted brand, Minster franchisees receive comprehensive support in all key business areas including IT, marketing, training, bookkeeping and the constantly changing fields of employment law, health and safety and environmental legislation.
The Franchise Resale Opportunity
The Hertfordshire branch was establish over 12 years ago. In the past six years since it has been under the ownership of the current owner turnover has grown steadily by 33 per cent from £450,000 to £600,000.
The company currently has approximately 80 employees, many of who are employed on a part-time basis. The key staff employed includes a part-time Office Manager, full-time Supervisor, part-time Supervisor, part-time Accounts Clerk and a full-time Relief Cleaner.
The business is perfectly positioned for a new owner to walk in on day one and continue to run a professionally organised, staffed business with a very strong, long-term and stable and profitable customer base.
In addition, 20 per cent of Minster branches, with similar size territories, turnover in excess of £1m, with profitability of at least 15 per cent. There is therefore a demonstrable scope for growth. In fact branches that have recently resold have in at least two instances doubled in their first year. Full financial information will be made available after the signing of a non-disclosure agreement and a formal meeting with the franchisee.
Guide Price: £165,000 + sav*
* Stock at valuation