37441-Leading Rental and Septic Service Business

TX

Seller Financing Available
37441-Leading Rental and Septic Service Business
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Asking Price: $1,990,000

Cash Flow: $642,000

Gross Revenue: $2,996,000

EBITDA: $282,000

FF&E: $1,900,000

Inventory: N/A

Established: 1981

37441-Leading Rental and Septic Service Business

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Business Description

Outstanding 36% sales growth expected to hold steady! Premiere specialty trade contractor specializing in installing, and maintaining concrete septic systems and trap tanks for residential, commercial, and municipal properties; also provides pump-out services, portable toilet rentals, trash trailers, and preservation of freshwater networks. Launched in 1981, the company and its current 13 nonunion employees with an averaging service length of 7.1 years, operates from three facilities that together total 10,850 square feet. It is owned with an option to lease or purchase additionally, a real estate value of $600,000. Approximately 50% of the company's customer base includes oil and gas corporations working in and around west Texas, with a primary focus is on Reeves and Ward County as well as servicing the Permian Basin field as a market leading provider. The remaining 50% of their clients distribute to smaller residential, commercial, and municipal projects. Generated revenue diverges to 60% from rentals (trash trailers and portable toilets) and vacuum truck services, to 40% from installation/repair of septic systems and restaurant grease traps. While 2016 was generating a consistent topline revenue of $2.2 million, 2018 and 2019 are showing close to $3,000,000 in sales with a Seller’s Discretionary earnings over $600k; and average capital expenditures of $7k annually. While the equipment worth $1,900,000 and inventory are included, A/R and A/P may be negotiated at the time of sale. With its established reputation to be focused on quality and long-term customer relationships, the company is expected to keep its strong track record of profitability. It’s also expected to grow alongside the industry at a rate of 3.7% annually, thanks to the strong market in portable toilet rental, septic tank installation and cleaning industry that generates $5 billion annually.

Detailed Information

Inventory:
Included in asking price
Employees:
13
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The first building, used for office space, is 2,850 square feet. The second building, used for building septic tanks is 3,500 square feet. The third structure is the truck port and service bay, and it measures 4,500 square feet.
Financing:
Negotiable for the right buyer
Support & Training:
While the owners are approaching retirement, the rest of the staff will most likely be willing to stay on after the sale.
Reason for Selling:
Approaching retirement
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IAG Buyer Division

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IAG

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