Tank Cleaning & Disposal of Drilling Waste

Valleyview, Alberta

Alberta Region

Asking Price: Annual Revenue:
$3,300,000 $5,145,236

Services: Non-classifiable

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RE: Tank Cleaning & Disposal of Drilling Waste Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $3,300,000 CAD 18% Buyer Down Payment: $594,000 18% Seller Financing: $594,000 64% Bank Loan: $2,112,000 A 18% down payment of $594,000 returns $258,170 in the first year after debt payments! Bank loan 100% collateralized!

Quick Facts

Asking Price: $3,300,000
Annual Revenue: $5,145,236
Net Profit: Not Disclosed
Cash Flow: $857,429
Total Debt: Not Disclosed
FF&E: $1,780,985
Real Estate: Not Disclosed
Year Established: 1999
Employees: 24
BBN Listing #: 83934398
Broker Reference #: AGE011

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Business Overview:

This oil field service company specializes in turnaround and industrial cleaning services for oil, gas and utility companies! Handling all aspects for the disposal of drilling waste in the oil and gas sector, this business currently has 250 clients, 50 of those recurring. 70% of their revenue comes from turnaround and industrial cleaning services; the other 30% is a mixture of maintenance, water delivery, vegetation control, water truck services, mobile steaming and equipment rentals. Personnel includes 1 Regional Manager, 1 Dispatcher, 1 Safety Officer, 1 Mechanic, 2 Junior Mechanics, 1 Shop Hand/Assistant, and15-22 Operators/Assistants. The 2 owners work remotely doing general business oversight and accounting & payroll management. Their vast array of high-quality equipment is comprised of hydro vacs, combo vacs, tank trucks, straight vacs, water trucks, mobile steamers, pressure trucks, and maintenance units. The business is COR Certified, Comply Works Certified, and belongs to ISNetworld.

The company’s leased space consists of an 11-acre industrial fully fenced yard site, a 750 sq. ft. office with 4 maintenance bays, and a 5-bedroom crew house. A 18% down payment of $594,000 returns $258,170 in the first year after debt payments with the bank loan being 100% collateralized.

Tremendous signage, word-of-mouth referrals, and a rock-solid reputation gives this company a firm grasp on the area. Promoting their one-stop-shop service, hiring a salesperson, increasing truck utilization, and expanding into neighboring communities would undoubtedly grow the business and increase revenue.

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Market Competition and Expansion:

Promote one-stop-shop services, increase truck utilization, expansion into neighboring communities.

Reason for Selling:

Strategic Exit Planning.

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.

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