| Asking Price |
$700,000 | Inventory |
|
|---|---|---|---|
| Gross Income |
$1,300,000 | Real Estate |
|
| Cash Flow |
$291,200 | Year Established | 2003 |
| FF&E |
$200,000* | Employees | 5 |
* included in the asking price
** not included in the asking price
Located 40 miles South of Milwaukee, this company has $1.569 million in Backlog, will double revenue from $700,000 in 2007 to $1.3 million in 2008. Operated at a loss in 2007, through April 2008 operating at a 17% net profit margin. Owners would prefer a partner to raise capital to expand business further but if offer is right would sell outright. In the commercial, industrial and residential sewer pipe relining, cleaning and camera inspection of sewer/pipes this business does not advertise or have sales reps. Word of mouth, and contacts in the industry, these entrepreneurs have significantly grown the business since taking ownership in fall of 2007. Equipment capital is needed to expand further. Owners feel very comfortable they can increase sales of the business 500k per year, increasing net income to 18-22% per year for the foreseeable future. Would prefer to raise capital, selling 33.3% of the business for $250,000.00 to fund equipment to further expand sales. Company is not bidding on new business at this point, until capital raised. Need investor/partner to take advantage of government contracts and referrals they are not bidding on due to capital needs. Proprietary pipe relining technology with only 13 trucks using technology in the Unites States, UV curing process that takes minutes to cure, very profitable but currently subcontracted out as company needs capital. Company is positioned with industry contacts to expand to southern US locations for winter months operations which will further expand sales. Owners live in other parts of the country and would prefer investor that has ability to manage operations from Wisconsin while they expand business in Southern locations. Excellent growth with expanding market via aging sewer systems in the US, government contract potential with superior margins, and excellent market outlook.
Facilities: Leased 2000 square feet, month to month
Competition: Company utilizes UV Cure process that dries in minutes. One of a handful of companies using technology in the US> Needs capital to buy truck (of which only 13 in US instead of subcontracting these services out.
Growth/Expansion: Significant growth potential especially with the current owners located in SE US and SW US> New partner could assist in running Midwest while other partners grow Southern Regions
Financing: None
Support/Training: Owner will provide
Reason Selling: Needs Capital for Equipment Expansion

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