THE JANITORIAL INDUSTRY
SOUTHERN CALIFORNIA
Significant Valuation Increase
The Appetite
Southern California is seeing tremendous demand for commercial cleaning and janitorial businesses from the private equity and investment community.
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We are seeing 38% more leads for commercial cleaning companies (as compared to the next highest category)
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Inquiries or prospects by type:
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Individual entrepreneurs (no current industry affiliations)-65%
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Financial buyers (money/small hedge fund managers)-20%
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Inter-state competitors 15%
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Out of state competitors seeking a presence in SoCal-10%
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The Supply
Southern California is seeing tremendous demand for commercial cleaning and janitorial businesses from the private equity and investment community.
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There are currently 3 independent commercial cleaning companies for sale in California (1 franchise)
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We are seeing 38% more leads for commercial cleaning companies (as compared to the next highest category)
The Valuations
Southern California is seeing tremendous demand for commercial cleaning and janitorial businesses from the private equity and investment community.
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Commercial cleaning companies are valued at a 25% higher multiple as compared to the (next highest category). It is a fairly common occurrence to sell over asking price due to competitive bids.
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Inquiries or prospects by type:
The Forecast
Southern California is seeing tremendous demand for commercial cleaning and janitorial businesses from the private equity and investment community.
-
There are currently 3 independent commercial cleaning companies for sale in California (1 franchise)
-
Commercial cleaning companies are valued at a 25% higher multiple as compared to the (next highest category). It is a fairly common occurrence to sell over asking price due to competitive bids.
-
We are seeing 38% more leads for commercial cleaning companies (as compared to the next highest category)