Details - Information last confirmed on January 29, 2021
Highly profitable roll-off waste management business covering FIVE NE Florida counties with plans to expand into other regions (substantial business commitments are already locked-in - see below).
Note: This is NOT a contracted residential/municipal trash/recycle pickup business.
This company was founded in 2018 and has grown rapidly through brilliant business strategies, powerful branding, outstanding customer service, tactical market positioning, negotiated strategic hauling agreements and other arrangements that substantially reduce hauling costs. They are now so busy they are turning down multiple roll-off calls a day.
Sale includes $1.2m in equipment including 75 dumpsters, 15 trucks and trailers (3 of which are leased on good terms), specialized tools for all the operations, and more. Five of the trucks are the very useful "walking floor trailer" trucks which make unloading a large truck full of refuse nearly effortless.
As well as the core roll-off business, substantial revenue is generated from high-volume waste hauling contracts and other specialized contracted services, to be disclosed after an NDA is signed.
2020 net owner earnings were $520,000, on $1.8m in total revenues. 2021 revenues and earnings are trending higher. Owner earnings in 2018 and 2019 were very modest as the owners re-invested into the business and equipment, but the revenues took-off strongly in 2020, even with the pandemic slowing things down.
HUGE TAMPA, FLORIDA OPPORTUNITY: Several of the business's large NE Florida clients also have operations in the Tampa, FL region and they have specifically requested that this business expand its roll-off services there. The clients do not want any other roll-off service and have been persistent in asking for the business expansion into the Tampa region. Commitment letters from the clients are already signed and in place. The sellers estimate this would result in a nearly immediate $1- $1.2million in Tampa-area revenues, just from the committing clients (and business should grow quickly beyond the initial clients, with those 50 strongly branded dumpsters widely deployed and providing great visibility and free advertising). Sellers are offering to set up and staff the entire Tampa operation, complete with ~50 dumpsters, two leased trucks and a leased location/facilities, for an additional $600,000 in purchase price. This extra $600k is probably the best high-ROI investment a buyer of the core business could make.
IMPORTANT: Seller will not consider any "creative" purchase structures. No delayed/staggered purchases, partial equity buy-in vs. a purchase or an extended earn-out process. Only a straight full purchase will be considered, with a small seller loan possible if required for SBA. All buyers must sign NDA and show proof-of funds or a bank letter showing capacity before details will be provided.
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