Business for Sale Overview:
Fast growing Water and Wastewater Business. Company is an investor owned utility and an operating company that also operates and maintains the IOU's and other entities including private, government and industrial facilities in and around Houston. Employees are TCEQ certified. This business consists of two Corporations, an S-Corp that holds the assets and a C-Corp that operates the assets as well as other properties for other people. The owner wishes to further develop his other construction business and requires the sale capital to do so. Owner will identify his companies in the course of information exchange. This company was under contract early by an investment group that was to merge it with two other acquisitions. The larger of the two as to be the operating manager for this larger entity but failed their due diligence and the deal fell apart. You can be assured this company you are interested in did pass one of the toughest due diligence tests anyone could have anticipated by a large accounting firm from New York. This due diligence is still available at a touch of a button. Since the business was listed one of the facilities he was operating did not renew their contract effective May 1, 2010. This will decrease revenue by about $30,000 per month (profit of about $9,000 per month). Most of this decrease will be made up by the anticipated rate increase ($5,000 per month) he has applied for as well as a new industrial domestic waste connection that will generate profit of $2,000 per month. This business is operated out of a 3,500 sq ft office that rents for $2,517 a month. The selling price is based on a recent bank appraisal of $1.6 million plus on the S-Corp plus a multiple of cash flow on the C-Corp operating company. For more information, contact Rich Baier today at 281-440-5153.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
Expanding another business
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.