Asking Price: $4,100,000CCTV Pipeline Inspections & Flow Monitoring
Honolulu, HI
Honolulu County
With over $2M in sales and a 55% profit margin, this sewer pipeline inspection company in Honolulu has been established for over 15 years! Specializing in CCTV inspections of pipelines, their top-notch equipment and vehicles allow their well-trained PACP-certified staff to meet the needs of their client base, 90% of which consists of engineers for construction companies, municipalities, or consulting engineers. They also provide manhole/corrosion inspections, smoke testing, flow monitoring, and sewer/pipeline cleaning. Over $1M worth of vehicles including 3 CCTV trucks, 3 cleaning combo trucks, and 4 pickup trucks are part of the nearly $2M in business assets, as well $500k worth of generators, hand tools, computer equipment, and camera equipment, making the bank loan nearly 50% collateralized. The team consists of 10 full-time employees, including 1 Director of Operations, 1 Quality Control Supervisor, 1 Salesperson, and high skilled CCTV and Vactor Operators and field technicians. The owner currently manages business development, accounting, operations, administration, and IT and is willing to stay on for 2-3 years post-sale to ensure a smooth transition.The company’s average sale size is approximately $20k, with an average of 10 work orders per month. Currently, the business has $478k worth of work in their pipeline. The company was deemed essential during COVID, allowing them to increase their rates due to the increase in the need for PPE gear and adding trucks to accommodate social distancing guidelines. Priced at $4,100,000 and with a well-established reputation already in place, a new owner could easily boost sales by pursuing other areas in the general industry, such as construction and storm sewer system services. A 12.5% down payment of $512,500 returns $478,292 in the first year after debt payments – a 93% return on investment!
Asking Price: $11,300