Seller's Contact Information
- RE: Environmental Waste Removal And Industrial CleanUp
- Contact: Jared Olson
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 |
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 homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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