Florida Insulation & Asbestos, Mold Remediation

FL

Seller Financing Available
Florida Insulation & Asbestos, Mold Remediation

Asking Price:$650,000

Cash Flow:$254,088

Gross Revenue:$955,721

EBITDA:N/A

FF&E:$60,600

Inventory:N/A

Real Estate:$225,000*

Established:1989

*not included in asking price.

Florida Insulation & Asbestos, Mold Remediation

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Business Description

27 years of doing the job the right way! Insulation Specialists along with asbestos, mold and lead paint remediation work The owner will assist you in obtaining your required licenses and will stay on for an extended period of time if needed. This type of work will continue to be required for both repeat and new customers. The business serves federal, state and local governments, hospitals, commercial property, military bases, ships, aircraft, the aerospace industry and others. You will inherit this businesses' clients and the seller will assist you in the ownership transition.

Assets in the sale include all the standard equipment and vehicles (2 trucks, 2 vans, 3 trailers).

The seller will consider financing a sizable part of the purchase (60%) and or real estate for a qualified buyer. The terms offered will result in a return on Equity (the down payment) of 29.7%.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
1,803
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The 1,803 s. f. office is fully furnished and in a very nice business operation center with a Leasehold Improvement" value of $28,000. Additional land with storage building is available if needed. All properties can be leased or purchased for $225,000 with terms .
Competition:
There is the standard amount of competition in thier multi- state operation. The business has repeat customers that have been with them the last 20 years or more.This company is well known by customers in 2 states.
Growth & Expansion:
Insulation and mediation & disposal of asbestos, lead paint and mold materials - There is an ongoing demand in the United States and elsewhere with no expected decline in the required services whatsoever. The owner of the business has purposely reduced his work hours and the geographic areas covered. Therefore, a new owner will have the opportunity to significantly expand the business if so desired.
Financing:
$260,000 down, $390,000 for 10 years 6%
Support & Training:
The seller will provide a 30 day orientation / training period at no cost to the buyer. Additional time for up to a year, if needed, is negotiable.The seller's primary objective is a successful ownership transition.
Reason for Selling:
Retirement

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Bill Bradow

Business Listed By:
Bill Bradow

Florida Business Exchange, Inc.

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Sponsoring Broker:
A. Bert Risdon, B.C.I.

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