Below Ground Sampling and Well Installation

Chicago, IL
Cook County

Chicagoland


Asking Price: Annual Revenue:
$1,450,000 $1,168,779

Services: Utilities: Electric, Gas, Water, Sanitary


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RE: Below Ground Sampling and Well Installation Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $1,450,000 12.5% Buyer Down Payment $181,250 12.5% Seller Financing or Equity $181,250 75% Bank Loan $1,087,500 A 12.5% down payment of $181,250 returns $178,851 in the first year after debt payments! * 58% Collateralized *

Quick Facts

Asking Price: $1,450,000
Annual Revenue: $1,168,779
Net Profit: Not Disclosed
Cash Flow: $364,281
Total Debt: Not Disclosed
FF&E: $626,221
Real Estate: Not Disclosed
Year Established: 1996
Employees: 7
BBN Listing #: 729134398
Broker Reference #: AGE007

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Business Overview:

Providing environmental services in groundwater, soil, soil vapor, well installation and abandonment, and being principally located in the Chicagoland area, this professional environmental drilling company has been providing expert soil and water evaluation services since 1996. The owner spends less than 15% of his time in the field and this can be easily absorbed by current employees. They have completed projects in 27 states, but typically focus their efforts on acquiring work in the Heartland, specifically Illinois and Indiana. When an environmental consultant needs subsurface samples, this team of seven drives to the site (7 trucks & 5 trailers included), drills the sample, and provides a workspace for an outside consultant to do their testing.

Currently, this company does not do any in-house sample testing, they simply collect the sample and provide it to the environmental consultant. Adding an analyst, however, is an area for growth that could potentially bring in additional projects. Additional areas of growth can be found in geotechnical drilling as well as maximizing utilization and assets.

• No professional license or industry expertise required to operate this business.
• Current space is perfectly suited for the business and leaves plenty of room for expansion.
• Purchase includes $841,489 worth of equipment such as specialty drilling rigs and geoprobe tools.
• Great potential for growth without increasing overhead.

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:

Building Lease: 3,000 square feet: Steel frame building with office & shop, 3 overhead doors with indoor parking.

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.

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