Environmental Testing & Remediation with 90 Employees

Mid West

Seller Financing Available
Environmental Testing & Remediation with 90 Employees
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Asking Price: $4,450,000

Cash Flow: $1,161,508

Gross Revenue: $13,763,339

EBITDA: N/A

FF&E: $1,170,000

Inventory: N/A

Established: 1989

Environmental Testing & Remediation with 90 Employees

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Business Description

A passively owned service based business with over $4,000,000 in assets and 90+ employees, this team of well-trained specialists provide exceptional asbestos abatement, lead and mold remediation services. Earning $13MM in the past twelve months, this company earned over $1.1MM in cash flow for the same time period. With most projects one to two weeks in duration, this company completes 800 jobs per year. Annually, there are typically one or two very large projects that bring in over 10% of income, but the projects and customers vary from year-to-year. Leveraging their $4,170,000 in assets as well as their team of 75 union workers, this company is efficient, driven, and well-respected for their industry knowledge. They are often called upon to successfully complete projects that others consider exceedingly technical, challenging, or too large.

The diverse customer base includes industrial businesses (<5%), commercial companies (90%) and home owners (<10%) alike. Located in a large facility, the warehouse has storage space for all equipment and inventory, while the office can house the 17-member administrative team comfortably. This location will be for sale outside the sale of the business.

The owners are currently the visionaries who construct a positive and results-driven corporate culture. They are less involved in the day-to-day operations, rather lending their skills to business analysis, financial management, and process improvement.

Attached Documents


Detailed Information

Employees:
90
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Large facility with 25% allocated to office space and 75% warehouse with loading dock, additional storage on-site - The building will be available for sale outside the sale of the business **The Firm Business Brokerage is not a real estate brokerage and therefore the staff will not handle any aspect of the lease, sale or purchase of real estate.**
Competition:
Location and Service Area: Upper Midwest Clients: General contractors, building owners, environmental consultants; Industrial (<5%) commercial (90%), residential (<10%) Services: Asbestos abatement, lead and mold remediation
Growth & Expansion:
Growth Opportunities: Grow industrial market, expand into fire and water restoration and explore emergency management
Financing:
20% Seller Financing:
Support & Training:
90 days transition Current Owners’ Responsibilities: Passive ownership: financial review and business improvement
Reason for Selling:
Focus on non-competing ventures
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(from currently available funds)
 
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Cortney Sells

Business Listed By:
Cortney Sells

The Firm

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