Merry Maids is for sale. It's for sale because it's losing money. Lots of it.
The most recent SEC filing stated that the combined operations of ServiceMaster and Merry Maids increased revenues by nearly 33%, with the revenues for the last three months totaling just over $55 million. That's a lot of customers if you ask me. But they lost money. Almost $12 million.
Think about that. Merry Maids and ServiceMaster are on pace to lose more than $45 million this year. So, that's why it's for sale.
Seems to me that Two Maids & A Mop is worth more money than Merry Maids. Would you rather purchase a business that loses nearly $50 million per year, or would you rather purchase a company with profits and unlimited potential?
Merry Maids is mature. They're dug in. It's possible that it's too late to revitalize the brand because it's so big. Two Maids & A Mop is young. We're far from dug in. We change something in our business everyday.
But we're not for sale. There's no reason to sale. Things are going too good and the future is very bright. Merry Maids may be making our ride to industry domination too easy.