Louisiana Asbestos Inspections & Environmental Ser

Not Disclosed, LA


Asking Price: Annual Revenue:
$570,000 $713,497

Services: Utilities: Electric, Gas, Water, Sanitary


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RE: Louisiana Asbestos Inspections & Environmental Ser Broker: Jared Olson
Owner Financing is Available!
15% Buyer Down Payment $85,500 15% Seller Financing $85,500 70% Bank Loan $399,000

Quick Facts

Asking Price: $570,000
Annual Revenue: $713,497
Net Profit: Not Disclosed
Cash Flow: $166,857
Total Debt: Not Disclosed
FF&E: $242,000
Real Estate: Not Disclosed
Year Established: 1976
Employees: 5
BBN Listing #: 601234398
Broker Reference #: AGE017

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Business Overview:

This asbestos and environmental services company has maintained a 21% profit margin year over year, and included in the sale is over $200k in assets, including several trucks, trailers, an XRF analyzer, and other equipment. They complete work in three states – Louisiana, Arkansas, and Mississippi! With a diverse services list, a wide variety of clients are brought on to benefit from the work of the specialist staff. Services include asbestos abatement (30%), asbestos air monitoring (20%), asbestos inspection (20%), water sampling (20%), mold sampling (5%), and lead inspections (5%). They do have the ability to train & license for asbestos workers at their facility as well, though this has not been heavily pursued as a growth opportunity. With the abundance of services offered, their services extend to municipalities, commercial contracts, banks, residential, and school boards.

At their current location, a new owner would be taking over an office, 7 total storage facilities, equipment shed, and covered parking area (all at the same location). The seller does own the real estate and is willing to rent it back to the next owner for $2,500/month. This amount has been accounted for and adjusted in the provided cash flow.

While the seller does assist with bidding, the employees on staff are trained to do so as well. The seller was in and out in 2020 due to a cancer diagnosis (now in remission), and the business still saw growth from 2019-2020 in both revenue and profit.

At a price of $570,000, and a down payment of $85,500, a buyer would expect to see a return of $84,808 in the first year after debt payments!

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Property Features and Assets:

Lease: Owns, would rent back for $2,500/month; 10,000+ square feet total, including office + 3 storage sheds + parking shed + separated storage/parking area.

Market Competition and Expansion:

Growth Opportunities: The business is not being pushed in any way in regards to making sales, getting the name out there, etc., allowing for easy avenues for a new owner.

Reason for Selling:

Remission from cancer.

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.

Documents:

Relevant Links:

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