Small Business Deal Advisors (“SBDA”) is pleased to announce the successful sale of the Ann Arbor, MI Merry Maids franchise to an individual investor.
Founded in 1986, Merry Maids of Ann Arbor provides a comprehensive suite of residential cleaning and maid services to a large, exclusive territory spanning Washtenaw County, which includes the major metropolitan areas of Ann Arbor, Chelsea, Ypsilanti, Saline, and Dexter. Merry Maids designs cleaning programs that are tailored to specific customer needs. The Company offers cleaning options for every room with services that include dusting, vacuuming, mopping, trash removal, and more.
Katherine Woronoff, the founder of Merry Maids of Ann Arbor, commented, “I’m extremely happy to have sold my business, and so quickly. I enjoyed many wonderful years running Merry Maids, and am pleased to have the business transition to a very capable person who can take it to the next level.”
Ms. Woronoff founded Merry Maids of Ann Arbor in 1986 and has enjoyed managing the Company ever since. Ms. Woronoff decided to sell the franchise in order to transition into retirement. With years of steady growth under Ms. Woronoff’s leadership, the company is well-positioned moving forward under new ownership.
Regarding SBDA, Ms. Woronoff stated, “Small Business Deal Advisors sold my business for a good price in less than 6 months. They were encouraging and positive about listing my franchise for resale, and I felt their fee structure was very fair compared to others. They located a buyer very quickly and were very helpful along the way. Thank you!”
SBDA Associate Broker, Doug Yntema, led the transaction from start to finish coordinating with the buyer, seller, Merry Maids Corporate, Huntington National Bank, and other advisors, to close the deal.
Merry Maids is an international franchisor which sells and supports residential cleaning services franchises throughout the United States, Canada, and the United Kingdom. Merry Maids was founded in 1979, and joined with ServiceMaster in 1988. ServiceMaster is a publicly-traded Fortune 1000 company with over 7,000 company-owned and franchise locations around the world. Operating through several brands, ServiceMaster provides professional home cleaning, janitorial services, termite and pest control, home warranties, disaster response and restoration, furniture repair, and home inspections.
SBDA advised Merry Maids of Ann Arbor 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. Terms of the transaction were not disclosed.
Financing was provided by Huntington National Bank.
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