71018-Sandblasting - Painting Gas Pipelines

KS

Seller Financing Available
71018-Sandblasting - Painting Gas Pipelines

Asking Price:$425,000

Cash Flow:$92,500

Gross Revenue:$656,000

EBITDA:$34,500

FF&E:$150,000

Inventory:N/A

Established:1994

71018-Sandblasting - Painting Gas Pipelines

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Business Description

This profitable business in Northeastern Kansas is located not far from Topeka. The business's primary function is sandblasting and painting gas pipelines for gas companies. This service business for sale has much to offer a potential purchaser in the areas of stability and potential growth. The duties of the owner are contacting clients, bidding on sites and paperwork. This business 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.

This business's service area has been known to include Kansas, Nebraska, Wyoming, Oklahoma & Missouri. There has been recent growth in the past few years, with basically just higher demand and there has been no real efforts made to get revenue growth. This service business for sale has growth that can be attributed mainly to their strengths and advantages in the areas of reliability, integrity, quality of work, timeliness of response, competitive pricing and geographic location and years of experience and knowledge within the industry. 95% of work comes from simultaneous sandblasting and painting of gas pipelines and 5% only sandblasting. 98% are repeat customers with 95% of those referred. This service business for sale has growth that can be attributed mainly to their strengths and advantages in the areas of reliability, integrity, quality of work, timeliness of response, competitive pricing and geographic location and years of experience and knowledge within the industry. Contact us for additional details.

Detailed Information

Inventory:
Included in asking price
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
It is recommended that the new owner acquire 1 acre of land with about 60x60 shop/warehouse space. Current operations are off of private owner property available for reasonable transitioning.
Competition:
98% repeat clientele. This business is well established in the region and known for their knowledgeable staff and excellent customer service.
Growth & Expansion:
Gas pipelines are constantly needing maintenance, so the need for hiring more staff to cover more areas would be an asset for a new owner. The business could expand to other states as well. Also obtaining the business of more gas companies would increase profits.
Financing:
Negotiable up to: 20.00 %.
Support & Training:
The owner is available for a reasonable transitioning period.
Reason for Selling:
Approaching retirement.

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