Small Business Deal Advisors, LLC is pleased to announce the successful sale of its client, Maid Brigade of Monmouth County, NJ, to an individual investor.
Founded in 2005 by Mary Ann Schmidt, Maid Brigade of Monmouth County is a residential cleaning and maid service franchise. Ms. Schmidt and her daughter, Jessica, have successfully run Maid Brigade of Monmouth County for 16 years. The company built a loyal customer base in Morganville, Marlboro, Holmdel, Colts Neck, Middletown and Lincroft, New Jersey.
Ms. Schmidt engaged Small Business Deal Advisors to find a new owner to take the franchise to new heights and so that she could transition to retirement.
After receiving multiple Letters of Intent, Maid Brigade of Monmouth County was acquired by Jared Rappoport.
“Selling a cleaning business during the COVID shutdowns wasn’t easy. We had several buyers get extremely interested and then back out, but we kept pursuing every lead and eventually found the right buyer. I am very happy that the sellers can now successfully move on to the next chapter in their lives,” said Doug Yntema, Mergers & Acquisitions Advisor at Small Business Deal Advisors, who facilitated the sale. “Maid Brigade Corporate approved Jared very quickly, and both the buyer and the seller worked well together to ensure a smooth transition and to position Jared for success at the helm of the business.”
“Mary Ann and Jessica have grown the franchise into a very nice business with a strong recurring customer base,” remarked Jared Rappoport, the buyer of Maid Brigade of Monmouth County. “I’m excited to continue on the trajectory they established.”
Founded in 1979 in Atlanta, GA, the Maid Brigade Franchise has earned its place atop the residential cleaning service industry through hard work, perseverance, honesty, and being a part of the communities they service. Franchisees have cleaned homes in local communities throughout the US and Canada for over 40 years. Maid Brigade franchisees can benefit from world-class support and technology, as well as Green Clean Certified product offerings.
Small Business Deal Advisors advised Maid Brigade of Monmouth County on the sale through the development of marketing materials, comprehensive marketing of the acquisition opportunity, and consulting through the negotiation, due diligence, and closing periods. The transaction was managed by SBDA Associate, Doug Yntema.
Terms of the transaction were not disclosed.