Details - Information last confirmed on November 5, 2020
A 12.5% down payment of $681,250 returns $691,301 in the first year after debt payments! The seller is willing to hold 15% of the note and is willing to do either a seller carry or equity hold for that amount. With a team of 90+ employees, this company allows for passive ownership. The team of well-trained specialists provide exceptional asbestos abatement, lead and mold remediation services. With most projects one to two weeks in duration, this company completes 800 jobs per year. Annually, there are typically one or two very large projects that bring in over 10% of income, but the projects and customers vary from year-to-year. The diverse customer base includes industrial businesses (<5%), commercial companies (90%) and homeowners (<10%).
Leveraging their $3,004,099 in assets as well as their team of 75 union workers, this well-established company is efficient, driven, and well-respected for their industry knowledge. They are often called upon to successfully complete projects that others consider exceedingly technical, challenging, or too large. Located in a large facility, the warehouse has storage space for all equipment and inventory, while the office can house the 17-member administrative team comfortably. This location will be for sale outside the sale of the business.
The owners are not involved in the day-to-day operations, rather lending their skills to business analysis, financial management, and process improvement.
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