Environmental Testing & Consulting firm for Sale

Not Disclosed, CT

Connecticut


Asking Price: Annual Revenue:
$1,500,000 $2,000,000

Services: Professional


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RE: Environmental Testing & Consulting firm for Sale Broker: Jeff Swiggett

Quick Facts

Asking Price: $1,500,000
Annual Revenue: $2,000,000
Net Profit: Not Disclosed
Cash Flow: $410,000
Total Debt: Not Disclosed
FF&E: $68,000
Real Estate: Not Disclosed
Year Established: 1984
Employees: 15
BBN Listing #: 459255237
Broker Reference #: 41980273

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Business Overview:

Connecticut based environmental testing and consulting firm serving architectural firms, developers, municipalities, schools, hospitals, day care facilities, housing authorities, contractors, businesses, institutional lenders, and residential clients throughout Connecticut and the metropolitan New York area. These services include material surveys for asbestos, lead paint, PCBs, mold and radon contamination, industrial hygiene and indoor air quality assessments, abatement project design and monitoring, environmental site assessments, and Phase I, II and III subsurface investigations and site remediation management. The company has over 600 active accounts many of which are a source of recurring revenue. The staff is fully licensed and skilled second to none. They hold a dominant position in their market.

Until 2020, the business averaged $2 million in annual revenues and $410,000 in seller's discretionary earnings (SDE). Business declined in 2020, but rebounded strongly in 2021 and will finish the year with revenues of over $2.1 million.

The company would be a good acquisition for any strategic buyer seeking to expand their presence in the CT and Metro NY markets or any individual(s) knowledgeable of environmental and industrial hygiene testing wish to operate their own business.

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Property Features and Assets:

The sellers own the commercial building where the company resides and lease the space back to their business. They are willing to lease the space at a triple net rate of $2,500 per month to new owners.

Market Competition and Expansion:

The company has a strong competitive position because of the depth and range of services it is able to provides clients. This is primarily due to employing a staff that is comprehensively licensed and certified and that is second to none in the quality of work they generate. The majority of the firm's business is localized in a concentrated geographic area that could be expanded through more aggressive marketing and outreach.

Reason for Selling:

Owners wish to retire.

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:

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