Environmental Waste Removal and Industrial CleanUp

Fox Creek, Alberta


Asking Price: Annual Revenue:
$5,025,000 $6,000,000

Services: Green Businesses - Recycling


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RE: Environmental Waste Removal and Industrial CleanUp Broker: Jared Olson
Owner Financing is Available!
17.5% Buyer Down Payment $879,375 17.5% Seller Financing $879,375 60% Bank Loan $3,266,250

Quick Facts

Asking Price: $5,025,000
Annual Revenue: $6,000,000
Net Profit: Not Disclosed
Cash Flow: $1,650,000
Total Debt: Not Disclosed
FF&E: $2,633,500
Real Estate: Not Disclosed
Year Established: 1999
Employees: 23
BBN Listing #: 589234398
Broker Reference #: AGE011-C

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Business Overview:

Revenue is generated from handling all aspects of the industrial clean up services and disposal & hauling of drilling waste for oil field productions; the other 30% is a mixture of maintenance, water delivery, vegetation control, water truck services, & mobile steaming. This company currently has 250 clients with 50+ of those recurring. The Leadership Team is in place & consists of twenty-three employees. There are 5 in Administration (Vice President of Operation, General Manager of Fleet & Dispatch, Billing Manager, Safety Officer, and Dispatch); 13 Operators, and 5 in the Shop. The owner lives remote more than 2 hours away & does light oversight of the business. The business has a focus in Alberta with clients across Canada. Their equipment & vehicles have a value of over $2.6MM and consists of combo vacs, tank trucks, straight vacs, water trucks, mobile steamers, and maintenance units. There is roughly $477k of Working Capital that is included in the purchase price as well. The company’s leased space consists of an 11-acre industrial fully fenced yard site, a 750 square feet office with 4 maintenance bays, and a 5-bedroom crew house.

At the purchase price of $5,025,000 CAD, with a 17.5% investment from the Buyer, the Seller will show a vested interest in the business’s success by holding a note for 17.5% allowing the bank to be at a 60% loan, making the business over 100% collateralized. Financing should be a breeze as this firm is boasting a 25% Profit Margin and already has backlog in 2023 that shows cashflow will be even better.

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Market Competition and Expansion:

Lease: 11-acre industrial fully fenced yard site, 750 square feet office with 4 maintenance bays.

Reason for Selling:

Exit Planning for 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.

Documents:

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