Environmental & Tank Removal Srvices

Union County, NJ

Seller Financing Available
Environmental & Tank Removal Srvices
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Asking Price: N/A

Cash Flow: $245,366

Gross Revenue: $2,197,869

EBITDA: N/A

FF&E: $310,000

Inventory: N/A

Rent: $5,000 /Month

Established: 2012

Environmental & Tank Removal Srvices

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Business Description

Wonderful business opportunity to acquire this highly profitable environmental company which services, residential and commercial underground fuel tanks, remediation, excavation, and demolition. This highly profitable environmental and tank services company located in Northern New Jersey will evidence a 2018 gross yearly income of $2,197,869 and a net income of $245,366. The owner is now retiring after many years in this industry and is prepared to train and consider possible seller financing in order to arrange a successful sale. This service industry has huge profit margins due to the low cost of goods and the continued and substantial ever-growing demands in this environmental industry. The future projection has a substantial demand for growth due to the many New Jersey State pending regulations and the number of existing and potential projects. The company is a fully licensed, certified and insured, in accordance with local, state & federal laws and offer the highest level of quality service and professionalism. Residential or Commercial, any size tank, above ground or underground, they are gas/oil system specialist. They also specialize in leaking, cast iron section replacement, steel boiler removals, cleaning and de-carbonizing. They are experts in New Jersey’s environmental regulatory requirements and have several different methods of remediation. Their priority is to re-mediate the property using the best strategy based on the particular circumstances. Whether they need to re-mediate through excavation or chemical remediation, the have the experience and qualifications to solve the issue. The company will complete the required remediation and will coordinate the required documentation to the NJDEP in order to obtain final state approval. The company also provides a wide variety of excavation services and they have the experience and certification necessary to complete each job conscientiously. The company services all levels of jobs, they have the equipment, experience and certification necessary to do complete the job. This company consist of eight part time employees plus independent employees who are unaware of the pending sale. The payroll is primarily based on a yearly base salary plus overtime and the staff is fully expected to remain post-closing, monthly payroll expense is approximately $51,000. This business transaction will supply a new five plus five-year commercial lease which will expire 2029, plus additional options available, with a monthly rent of $5,000, cost per square foot is estimated at $18.46 and rent security of approximately $10,000. Additionally, the owner will agree to market the real estate at any time coordinated with their realty firm. The business has been valued / priced based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller / bank financing may be available to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

Detailed Information

Location:
Union County, NJ
Real Estate:
Leased
Building SF:
600
Lease Expiration:
N/A
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This opportunity is in Northern New Jersey, Morris County and conducts business throughout the state. New Jersey consists of hundreds of highly populated communities and businesses with continued demand for this specialized service. The facility which consist of approximately 600 square feet plus exterior work areas, is fully equipped to conduct it business operation. The business facility is at a commercial location which permits the required equipment and vehicles.
Competition:
To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth & Expansion:
The business opportunity can be further expanded by the new operator by improving the existing marketing plan and the required local advertising. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.
Financing:
Will be available to a qualified buyer with an appropriate down payment.
Support & Training:
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Reason for Selling:
The purpose of this business transaction is due to the owner’s retirement.
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(from currently available funds)
 
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Ron Cervelli

Business Listed By:
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Regal Consulting Corp.

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