Subsurface Soil & Water Testing

Chicago, IL
Cook County

Chicago area


Asking Price: Annual Revenue:
$1,160,000 $1,094,010

Services: Construction, Contractors


Request More Information
Contact the Seller

RE: Subsurface Soil & Water Testing Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $1,160,000 15% Buyer Down Payment: $174,000 15% Seller Financing: $174,000 70% Bank Loan: $812,000 A 15% down payment of $174,000 returns $155,478 in the first year after debt payments!

Quick Facts

Asking Price: $1,160,000
Annual Revenue: $1,094,010
Net Profit: Not Disclosed
Cash Flow: $318,132
Total Debt: Not Disclosed
FF&E: $617,000
Real Estate: Not Disclosed
Year Established: 1996
Employees: 8
BBN Listing #: 312934398
Broker Reference #: PRO052

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

Environmental drilling and related field services is the specialty work of this business. When an environmental consultant needs subsurface samples, this team drives to the site (5 trucks & 7 trailers included), drills the sample, and provides a work space for an outside consultant to do their testing. They have been around since 1996, and in that time have completed projects in 27 states, but typically focus their efforts on acquiring work in the Heartland. Their main services include testing for groundwater, soil, soil vapor, well installation & abandonment.

The headquarters is located in Illinois and operates from a 4,200 square foot steel frame building that suits this business perfectly. With an office, a very large shop, and three overhead doors, there is plenty of work space and storage, as well as room for indoor parking.

Currently, this company does not do any in-house sample testing, they simply collect the sample and provide it to the environmental consultant. Adding an analyst, however, is an area for growth that could potentially bring in additional projects. Additional areas of growth can be found in geotechnical drilling as well as maximizing utilization and assets, so there is great potential for growth without increasing overhead.

The owner manages daily operations, business development, and spends less than 15% of his time in the field. There are certainly team members who can assume some of the owner’s duties, if desired.

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:

3,000 square feet: 60x70 steel frame building with office & shop, 3 overhead doors with indoor parking.

Market Competition and Expansion:

Build in-house analytics, maximize utilization, add geotechnical services, quarterly ground water monitoring, NPDES sampling.

Reason for Selling:

Retirement

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.

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!