Business for Sale Overview:
The March Group currently represents a growing business providing environmental, geotechnical, and geothermal drilling services to a wide range of customers throughout the eastern United States. The Company is poised to achieve $10.3 million in revenue and $1.87 million in EBITDA in FY 2009 with a staff of 45 full-time employees. Operates with a comprehensive modern and well-maintained equipment base. Its bonding capacity is five times the Company’s working capital per job; maximum overall limit is ten times working capital. As of August 2009, the project backlog exclusively for geothermal drilling projects through December 2009 totals $4,458,433, all of which is expected to be completed (recognized as revenue) in FY 2009. An additional $1,077,000 in environmentally-related projects is expected to be completed by year-end 2009. Project invoices range from $1,000 for environmental, geotechnical, and other drilling projects, to between $400,000 and $1.8 million for geothermal projects. The customer base includes construction firms/general contractors, schools, and a wide variety of other institutional and commercial clients throughout the eastern U.S. Leases a 7,640 square-foot facility from a related party at a fair market rate. Following a sale, owners and managers are committed to remaining with the firm for an agreed-upon period to help the Company realize its pro forma objectives.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Operates from a 7,640 square-foot facility situated on a 2.6-acre lot. The facility is leased from the owner at the fair market annual rate of $90,000.
Market Competition and Expansion:
Management believes considerable growth potential exists via service and geographic market expansion. The Company is working on expanding its business to include environmental sonic drilling services along with expansion of its geothermal drilling service business. In addition, management believes that there are opportunities for entrance into neighboring regions.
Reason for Selling:
Despite recent purchases of additional capital equ
Additional Details:
- The property is leased.
- 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.