Sold
Remediation Company For Sale with Management in Place - Owner Financing at 7%
Duran Advisors presents this environmental remediation service company for sale in Southern Louisiana. This company has been operating for over a decade in a centralized location. It is the most dominant player in its area with a presence in multiple markets. It is an ideal platform company for a buyer looking to enter this industry and grow by acquisition. It is also an ideal strategic acquisition for a platform company looking for a turnkey add-on. The business is NOT tied to any franchise, so it is also a good fit for a buyer looking to establish a new franchise. The business does not currently do construction work after the remediation work is completed. A strategic acquisition by a buyer that is experienced in the construction field would allow the business to add 300% in potential revenue.
The owner has minimal involvement at 5-15 hours per week. He has management in place that runs the business day-to-day. He wants to sell this business to provide capital to grow his larger businesses. However, the owner is flexible on the sale structure. He is ready to exit right away or he is prepared to assist on an ongoing project basis.
The business resides in a 10,000+ sq ft facility with ample room to expand. The property is available for sale or lease to a buyer. It is valued at $1,500,000.
A Matterport 3-D Virtual Reality scan of the entire premises is available for fully disclosed buyers. A 60+ page Confidential Information Memorandum (CIM) is available as well.
With $1,500,000 down the owner will finance the remaining $800,000 at 7% interest. The business has already been prequalified for SBA 7A financing with multiple banks. The owner will entertain all reasonable offers.
2022 net profit was $768,002
2019-2021 average net profit is $1,229,645 due to events
Meet the owner, visit the site, and see this turnkey opportunity!
For serious inquiries, please call the listing broker, Joel F. Duran, CM&AA®, CM&AP®, CEPA®, CMSBB®, at (504) 313-1038. The Real Estate broker for this listing is John Sanderford and he can be reached at (504) 321-0196.
Listed By: Joel Duran, CM&AA, CM&AP, CEPA, CAIM, CMSBB
Background information
Reference:
NOLA-0001
Year established:
Company has been in business over a decade
Reason selling:
Retirement
Finance
Sales:
$2,275,175
Profits:
$768,002
Profit type:
Discretionary Earnings
Operations
Employees:
Full-time: 10 Part-time: 4
FF&E:
$585,370
Inventory:
$10,000
Premises
Facility:
The facility is adequate for the current business and has ample room to expand if desired.
Square footage:
More than 10,000 sq. ft.
Rent and lease terms:
The property is available for lease on a case-by-case basis or purchase for $1,500,000
Location:
The business is located in South Louisiana.
Opportunities
Growth:
The business has many substantial growth opportunities listed in the 60+ page Confidential Information Memorandum (CIM) that is shared with fully disclosed buyers.
Market:
The Gulf Coast is a hotbed of inclement weather. This business is well-positioned to capitalize on that activity.
Price and terms
Listed Price:
$2,300,000
Down payment:
$1,500,000
Financing:
The owner will finance $800,000 with $1,500,000 down. The business has been approved by several banks for an SBA 7(a) loan package.
Training:
The owner will train for 2 weeks as necessary. He is available for an extended engagement if the new owner would like to retain him.