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Listing Details - Asbestos/Lead Abatement & Demolition
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Asbestos/Lead Abatement & Demolition
(Construction Related, Other Special Trades; Construction Related, Construction-Specialty Trades; Environmental Related)
South Central United States -
| Seller Financing: |
Yes |
| Lender Pre-Qualified: |
No |
| Listing ID: |
68671 |
| Status: |
Active |
Listing Details
| Listed Price: |
$2,900,000 |
| Down Payment: |
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| Total Sales: |
$3,475,142 |
| SDE: |
$1,065,034 |
| EBIT: |
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| EBITDA: |
$990,034 |
| FFE: |
$387,000 |
Included? Yes |
| Real Estate: |
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Included? |
| Inventory: |
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Included? |
| A/R: |
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Included? No |
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| Reason for Sale: |
Owners retiring after 29 years in the business. |
| Training: |
Owner available for training and transition assistance for 30-60 days. Thereafter, owner available on consulting basis. |
| Financing Terms: |
Negotiable. |
Operations
| Year Established: |
1981 |
| Last Acquired: |
1981 |
| Form of Ownership: |
Corporation |
| Home Based: |
No |
| Relocatable: |
Yes |
| Type of Location: |
Stand-alone |
| Absentee Owner: |
No |
| Online: |
|
| Employees: |
Full Time: 24 / Part Time: 0 |
| Managers: |
3 |
| Hours: |
7:00 AM - 5:00 PM, Mon.-Fri. |
| Owner Hours: |
45 |
| Non-Owner Payroll: |
$233,218 |
| Franchise Info: |
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Location
| Lease Expire: |
1/31/2014 |
| Option: |
Two 5 year options |
| Lease Terms: |
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| Lease Security: |
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| Monthly Rent: |
$9,115 |
| Square Footage: |
9000 |
| Facilities: |
Brand new headquarters located in a 9,000 square foot stand-alone building built in 2008. 3,000 square feet of office space. 6,000 square feet of warehouse (75% capacity). Building sits on a 2.17 acre lot and is laid out in such a way as to allow additonal 2,500 square feet of additional construction if desired.
Located in new industrial/commercial development less than 5 minutes from major interstate.
Real estate available for purchase separately. |
Summary
| Business Description: |
This 29 year old company performs asbestos abatement, mold remediation, lead abatement and demolition services in a 5 state area. Outstanding reputation with thousands of successfully completed projects for diverse clientele in healthcare, governmental, education, industrial/commercial, financial, transportation and religious sectors. |
| Historical Summary: |
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| Owner Qualifications: |
Current owner will train. |
| Competition: |
Competition is moderate with barriers to entry for start-ups/new companies. Company has become market leader by excelling in quality of performance, reputation, expertise, price, technology, customer relationships and range of service offerings. Two of its 5 primary competitors closed in 2009. |
| Potential Growth: |
New owner could increase advertising/marketing (currently leass than 0.4% of revenue); add a full time salespersons to increase calls to general contractors, architects, environmental consultants, etc.; Launch into complimentary remediation services such as soil/ground water, emergency response, hazardous material removal; and expand geographically. |
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