Business for Sale Overview:
The owner/seller of this well established, successful, high cash flowing business has just remarried and has promised his wife that they would relocate to Florida…but first he has to sell his series of West Michigan companies that serve commerce, industry, municipal, and residential customers in plumbing; hydro excavating; sewer, septic and drain cleaning. In addition, there is a large and impressive portable restroom business which is included as part of the series of companies. 12 employees working full time generate consistent annual revenues of $1.0 million. The SDE (seller’s discretionary earnings…the historic cash flow available to pay the owner and service debt) averaged $266,000 each of the last three years, including a record SDE of $294,000 achieved in 2009. The business is being offered with a full complement of impressive equipment with a value in place of $500,000. The listing price of $990.000 represents the value of the equipment plus less than a 2.0x multiple of annual SDE. For a qualified buyer, the seller will carry a very meaningful seller note in the mid six figure range. Here is an opportunity for a buyer to step into four businesses, each of which is branded and both well established and well respected in West Michigan. The business has an attractive website, 800 numbers, and Yellow Pages presence to insure an ongoing business with a healthy future. An ample array of equipment (all logoed and in good condition) enhance the possibility of growing this already successful business. For more information on this outstanding opportunity, please contact John Groothuis (616-283-0757) or Mike Greengard (mgreengard@sunbeltnetwork.com or 616-450-0707).
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:
Relocation
Additional Details:
- The property is leased.
- The owner is not 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.