Mold, Lead & Asbestos Inspections and Abatement

Monroe, LA
Ouachita Parish


Asking Price: Annual Revenue:
$545,000 $713,497

Services: Green Businesses - Recycling


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RE: Mold, Lead & Asbestos Inspections and Abatement Broker: Jared Olsen
Owner Financing is Available!
15% Buyer Down Payment $81,750 15% Seller Financing $81,750 70% Bank Loan $381,500

Quick Facts

Asking Price: $545,000
Annual Revenue: $713,497
Net Profit: Not Disclosed
Cash Flow: $164,475
Total Debt: Not Disclosed
FF&E: $242,000
Real Estate: Not Disclosed
Year Established: 1959
Employees: 4
BBN Listing #: 894434398
Broker Reference #: AGE017-F

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Business Overview:

This Mold, Lead and Asbestos Inspection company has the ability to train & license people for asbestos at their facility, though this has not been heavily pursued and can be seen as a growth opportunity. This water and soil sampling company offers vital services including asbestos abatement (30%), asbestos air monitoring (20%), asbestos inspection (20%), water sampling (20%), mold sampling (5%), and lead inspections (5%). They complete work in three states – Arkansas, Mississippi, and 90% in Louisiana. With the abundance of services offered, their clients are municipalities, commercial contracts, banks, residential, and school boards.

With a diverse services list and over 40 years of experience, a wide variety of clients are brought on to benefit from the work of the specialist staff. This company has maintained a 21% profit margin year over year, and included in the sale is over $240,000 in assets, including several trucks, trailers, an XRF analyzer, and other equipment. While the seller does assist with bidding, the employees on staff are trained to do so as well and can absorb this responsibility with ease. The seller was in and out in 2020 due to a cancer diagnosis (now in remission), and will train and transition a new owner 6 months to 1 year.

Their location includes an office, 7 total storage facilities, equipment shed, and covered parking area (all at the same location). The seller does own the real estate and is willing to rent it back to the next owner for $2,500/month. This amount has been accounted for and adjusted in the provided cash flow. At a price of $545,000, and a down payment of $81,750, a buyer would expect to see a return of $86,025 in the first year after debt payments!

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Property Features and Assets:

Vehicles: Nissan Titan, Ford F250, Chevy Silverado, Nissan Versa Equipment: 2 trailers, XRF analyzer, abatement equipment/supplies, printers, computers A/R: $117,404 Lease: Owns, would rent back for $2,500/month; 10K+ sq. ft. total, including office + 3 storage sheds + parking shed + separated storage/parking area.

Reason for Selling:

Remission from cancer.

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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