71015-Water Meter Testing, Sales-Repair

IL

Seller Financing Available
71015-Water Meter Testing, Sales-Repair

Asking Price:$600,000

Cash Flow:$240,000

Gross Revenue:$910,000

EBITDA:$240,000

FF&E:$181,500

Inventory:$90,000

Established:1967

71015-Water Meter Testing, Sales-Repair

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Business Description

This water meter testing and repair business is located near Chicago, Illinois. In addition to water meter services, they also sell water meters, water meter parts, and backflow prevention devices. This business helps public and private water utilities increase water revenues through asset management, meter sizing, replacement, repairing, and testing programs. With many years of experience in the industry, their technicians have extensive knowledge and expertise and can easily diagnose and resolve any water meter problem.

This water meter company has been in business since 1967 with the current ownership starting in 1992. This Illinois based business for sale is a great opportunity to take a business that is already successful and build on that foundation to secure your future. After years of hard work and dedication to building this business, the current owner has decided to retire and let a new owner take it to the next level. This company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. Out of their total revenue, 70% comes from service and 30% from sales. This company offers a new owner a successful business with a great reputation, along with an established customer base. For more information on this listing, contact us today. Equipment and inventory included in the sale, for more details contact David Michaelson 214-815-0186.

Detailed Information

Inventory:
Included in asking price
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business has 3,000 sq ft of building space that is currently leased. This includes a 2,500 sq ft shop and a 500 sq ft office area. The business can be relocated within 25 miles and there is also room for expansion.
Competition:
90% repeat clientele. Customers have to come to know this company as one that will always provide excellent service. Their product knowledge and expertise means customers know that every problem will be resolved quickly and professionally. Their reputation for great customer service has built them a large customer base as well as an excellent reputation in the area.
Growth & Expansion:
There are many effortless growth opportunities for this business. An assertive new owner might consider offering additional services in order to attract new customers. Another opportunity comes from stronger sales efforts such as outside sales and stronger marketing efforts with a sales team.
Financing:
Negotiable up to: 20.00 %
Support & Training:
Key employees will most likely stay after transition. The owner is available for a reasonable transitioning period.
Reason for Selling:
Approaching retirement.

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