Business For Sale

Asbestos Removal with 1.6MM in Upcoming Projects

Omaha, NE
Douglas County


Asking Price: Annual Revenue:
$1,225,000 $3,044,345

Services: Construction, Contractors


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RE: Asbestos Removal with 1.6MM in Upcoming Projects Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $1,225,000 10% Buyer Down Payment: $122,500 15% Seller Financing: $183,750 75% Bank Loan: $918,750 With $1,113,609 in equipment and vehicles, this business has sufficient assets to fully collateralize a bank loan. A 10% down payment returns $169,264 in the first year after debt payments!

Quick Facts

Asking Price: $1,225,000
Annual Revenue: $3,044,345
Net Profit: Not Disclosed
Cash Flow: $526,044
Total Debt: Not Disclosed
FF&E: $1,113,609
Real Estate: Not Disclosed
Year Established: 1989
Employees: 27
BBN Listing #: 941734398
Broker Reference #: SER048

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Business Overview:

With 20 asbestos specialists in place, only approximately 85% is completed for commercial or industrial buildings, while 15% of the work is done on residential structures. Upcoming work will include the renovations of major hospitals and universities in the Omaha area, accounting for $15M in potential future income for a new owner.

In Omaha since the late 80s, this asbestos removal and fireproofing company has been a consistent provider of services for builders and remodelers. This company has a prominent and trusted name in the Omaha area and can benefit from family name recognition. Servicing industrial, commercial and multi-family residential customers, this company can also provide fiberglass insulation, mold remediation and lead paint remediation.

Each of this company’s supervisors is certified with a state-issued asbestos card. The 20 asbestos specialists average a combined 1,100 man hours per week.

Currently located in a 13,000-sq. ft. warehouse, this company can operate within a 4,000 sq. ft. space. There is potential for a reduction of costs by downsizing warehouse space. Additional growth opportunities include expanding the team and services including lead remediation, insulation and fireproofing.

Business Information
Established: Late 1980s
Location: Omaha, NE
Service Area: Nebraska and Iowa – 90% of work is within 1 hour of Omaha
Clientele: 85% Commercial/Industrial, 15% Residential
Building: 13,000 sq. ft. warehouse, 1,500 sq. ft. office space
Reason for Selling: Retirement
Employees: 20 Abatement technicians, 3.5 Office
Hours: 7:00am to 5:00pm
Seller Training Period: 1-3 years if desired
Growth Opportunities: Expand Team, Expand Lead Remediation Services, Expand Insulation Services, Expand Fireproofing Services
Current Owner’s Responsibilities: Oversight of financials and employees, hiring

List Price: $1,300,000
Gross Sales
2018: $3,044,345 (Annualized)
2017: $3,324,817
Owner Profit/Cash Flow
2018: $526,044 (Annualized)
2017: $348,646
2016: $313,979
Profit Margin: 17%
Multiple: 3.8 *Multiples range from 1-5, with the average being 3
Valuation: 2017 Cash Flow x Multiple = Price
$348,646 x 3.8 = $1,324,854

Assets Included in Purchase: $1,194,728
Equipment: $573,872
Vehicles: $539,737: 8 Pickups, 7 Trailers
Intangible Assets: Established name for over 50 years, long-standing and close relationships with companies for referrals and contracts
Inventory: $81,119
Potential Upcoming Work: $8-10M
• Hospitals
• Schools
• Municipal Buildings
*amounts may vary

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

13,000 square feet warehouse, 1,500 square feet office space.

Reason for Selling:

Retirement

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.

Relevant Links:

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