How to Sell Cleaning Contracts

Contracts are bought and sold every day all over the world. Cleaning is one of the most sought after services, both offered and procured. With thousands of small businesses that offer custodial work it is fairly easy to locate another business that could use an extra job. The part that can become tricky is the process of selling the contract to another vendor. This process should be carefully done with legal critique. This article will explain the step by step process to sell a cleaning contract.

Things You'll Need

• Lawyer or access to the law library
• Notarized seller's agreement

Instructions

1. Identify the contract that you are willing to sell. Contact the company to request written permission to sell the contract to another qualified vendor.

2. Create a cost analysis to determine the worth of the contract. Calculate the total minimum price you are willing to sell the contract for.

3. Write an overview and a full description of the contract. Include the place of performance, cleaning schedule, task orders (required work to be done), reporting, and special needs.

4. Combine the written description with the sale price and include the contract number to create a solicitation packet. The solicitation will include an introduction page that states your company name, address, phone number, any certifications or licenses and an offer statement. Also state that your company will be accepting bids with intentions to sell the enclosed cleaning contract.

5. Locate 10 to 20 small cleaning services in the vicinity of the place of performance.
   Choose only bonded and insured cleaning companies. Retrieve the address, email, phone number, and their contracting officer's name.

6. Send out your solicitation via mail, email or personal delivery. Title the package, "Cleaning contract for sale."

7. Wait 2 to 3 days for a response. If you have not had any responses do a follow up call to assure that the potential vendor received it.

8. Accept the highest bid from the most qualified vendor. Meet with them to discuss the details further.

9. Draw up a seller's agreement and have it reviewed by a lawyer. Or retrieve a standard agreement from the law library and customize it for your contract. Sign the agreement and have it notarized by a third party.

Tips & Warnings

• Post an ad on Craigslist.org under business development.

• Post an ad on sell.com also.

• Check references before signing the agreement.

• Check all company certifications and licenses before signing agreement.

References

• The Cleaning Consultants