Passive ownership with 37 skilled employees in Washington! Located in the Seattle, Washington area, these specialists in the environmental industry have earned a 25% profit margin in 2018 and continue to experience year-over-year growth. Asbestos removal (40%), interior demolition (40%), as well as mold and lead remediation (20%) are the main services offered by this company. Commercial clients account for 80% of annual contract revenues, with residential projects producing 20%. Clients include The Federal Government, Washington State Universities and schools, local municipalities, and health care facilities. Day-to-day operations are led by a tenured vice president with management oversight of two administrative assistants, three estimators with project management experience, three operations managers, seven supervisors and the workforce. The owner currently leads in a consultant capacity mentoring and developing leadership staff while also ensuring bonding and insurance.
With a total of 9,300 square feet of space, the headquarters has ample room to further expand operations. The office is 2,800 square feet and features five private offices, a reception area, a large conference room used for meetings, training, and environmental records storage. The warehouse and shop span 6,500 square feet of indoor space allowing for staging, tool and inventory storage, and warehouse management. An expansive paved lot and gravel yard of two acres house all heavy equipment, vehicles, disposal containers, and trailers. Assets comprise all equipment necessary for safe testing, handling, and removal of hazardous materials.
Strong revenue generating initiatives could be achieved by increasing the workforce to take on contracts currently sacrificed, driving growth of the container rental business, and utilizing targeted advertising to generate new contacts.
Sign up for a free membership. Get instant access to thousands of listings. Learn about our membership plans.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.