Very Profitable Environmental Service Business

Not Disclosed, MI

Mid-Michigan


Asking Price: Annual Revenue:
$790,000 $570,000

Services: Green Businesses - Recycling


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RE: Very Profitable Environmental Service Business Broker: Steve Kandt

Quick Facts

Asking Price: $790,000
Annual Revenue: $570,000
Net Profit: Not Disclosed
Cash Flow: $285,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2002
Employees: Not Disclosed
BBN Listing #: 813831216
Broker Reference #: SK1121819

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Business Overview:

Please note: This business remains open and fully operational because of exemption from the Governor’s Covid19 executive order as a critical infrastructure business.

It has been a great 18 year run for the founder-owner-seller of this very successful mold remediation business; however, the owner now looks forward to retirement after transferring his company to only its second owner. His imminent retirement could be your opportunity.

This Michigan based business is located in a 2400 square foot facility in a conveniently located industrial park in mid-Michigan. The buyer can continue to rent the facility at a favorable $2,000 monthly rate (an attractive 4% of revenues) or relocate the business to suit buyer preferences.

The business has consistent annual revenues approaching $600,000 which is heavily (90%) derived from high margin residential customers. The 10% balance comes from commercial accounts. The company “owns” the State of Michigan as there are only two or three other companies that have a business model with mold remediation as their core business. Restoration (fire and flood) businesses misrepresent themselves as having the ability to perform mold remediation, but their results are generally mediocre at best.

This business, to use slang, “blows away the competition.” The business boasts more and higher ratings than all other State of Michigan mold remediation companies. It is no wonder then that the company’s long history of providing excellent service and results enables the business to land new customers primarily through referrals from satisfied customers. Its attractive website also augments the solid word-of-mouth impressions surrounding the business.

Over the past four years, the business has averaged a very impressive annual $285,000 SDE (seller’s discretionary earning – the historical, normalized cash flow available for any owner-operator to both pay himself and service debt). The business is being offered for $790,000, an attractive 2.8x multiple of SDE. Additionally, the seller will offer a generous transition period which (a) is designed to meet the buyer’s needs, and (b) is included in the purchase price.

Two final important pieces of information: (1) the owner generally does not get involved in the mold remediation activities in the field – his field time is limited to estimating jobs; and (2) and a meaningful seller note will be available for a qualified buyer. For more information on this exceptional niche business, please contact Steve Kandt (steve@praxisbb.com).

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Located in a 2,400 square feet facility in a conveniently locate industrial park in mid-Michigan.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • 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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