Testing & Environmental Services

Chicago, IL
Cook County

Chicago area


Asking Price: Annual Revenue:
$1,175,000 $1,267,099

Services: Construction, Contractors


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RE: Testing & Environmental Services Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $1,175,000 12.5% Buyer Down Payment: $146,875 12.5% Seller Financing: $146,875 75% Bank Loan: $881,250

Quick Facts

Asking Price: $1,175,000
Annual Revenue: $1,267,099
Net Profit: Not Disclosed
Cash Flow: $340,369
Total Debt: Not Disclosed
FF&E: $651,000
Real Estate: Not Disclosed
Year Established: 1996
Employees: 8
BBN Listing #: 312934398
Broker Reference #: PRO052

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Business Overview:

2019 revenues and cash flow are up from 2018 for this business! Principally located in the Chicagoland area, this professional environmental drilling company has been providing expert soil and water evaluation services since 1996. They have completed projects in 27 states, but typically focus their efforts on acquiring work in the Heartland, specifically Illinois and Indiana. The team of seven offers services that include testing for groundwater, soil, soil vapor, well installation & abandonment. When an environmental consultant needs subsurface samples, this team drives to the site (7 trucks & 5 trailers included), drills the sample, and provides a work space for an outside consultant to do their testing. The $651,000 worth of equipment such as specialty drilling rigs, and geoprobe tools are included in the asking price with on the shelf well materials, supplies, and fuel to be added. The owner spends less than 15% of his time in the field and this can be easily absorbed by current employees.

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 business operates from a 3,000 square foot space within a steel frame building perfectly suited to the company with room for expansion. With two offices, a very large shop, and three overhead doors, there is plenty of work space and storage, as well as room for indoor parking.

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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.

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