Asbestos Removal Company with Certified Employees

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Industrial, Commercial and Multi-Family Residential Customers
Asking Price:
$1,300,000

Gross Revenue:
$3,044,345
Cash Flow:
$526,044
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$81,119
not included in asking price

FF&E:
$1,113,609
included in asking price

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Business Description

With 20 asbestos specialists in place, only approximately 85% is completed for commercial or industrial buildings, while 15% of the work is done on residential structures. Upcoming work will include the renovations of major hospitals and universities in the Omaha area, accounting for $15M in potential future income for a new owner.

In Omaha since the late 80s, this asbestos removal and fireproofing company has been a consistent provider of services for builders and remodelers. This company has a prominent and trusted name in the Omaha area and can benefit from family name recognition. Servicing industrial, commercial and multi-family residential customers, this company can also provide fiberglass insulation, mold remediation and lead paint remediation.

Each of this company’s supervisors is certified with a state-issued asbestos card. The 20 asbestos specialists average a combined 1,100 man hours per week.

Currently located in a 13,000-sq. ft. warehouse, this company can operate within a 4,000 sq. ft. space. There is potential for a reduction of costs by downsizing warehouse space. Additional growth opportunities include expanding the team and services including lead remediation, insulation and fireproofing.

Business Information
Established: Late 1980s
Location: Omaha, NE
Service Area: Nebraska and Iowa - 90% of work is within 1 hour of Omaha
Clientele: 85% Commercial/Industrial, 15% Residential
Building: 13,000 sq. ft. warehouse, 1,500 sq. ft. office space
Reason for Selling: Retirement
Employees: 20 Abatement technicians, 3.5 Office
Hours: 7:00am to 5:00pm
Seller Training Period: 1-3 years if desired
Growth Opportunities: Expand Team, Expand Lead Remediation Services, Expand Insulation Services, Expand Fireproofing Services
Current Owner’s Responsibilities: Oversight of financials and employees, hiring

Financial Overview
List Price: $1,300,000
Gross Sales
2018: $3,044,345 (Annualized)
2017: $3,324,817
Owner Profit/Cash Flow
2018: $526,044 (Annualized)
2017: $348,646
2016: $313,979
Profit Margin: 17%
Multiple: 3.8 *Multiples range from 1-5, with the average being 3
Valuation: 2017 Cash Flow x Multiple = Price
$348,646 x 3.8 = $1,324,854

About the Business

Year Established:
1989
Number of Employees:
27
Real Estate:
Leased
Building Sq. Ft.:
14,500
Facilities:
13,000 sq. ft. warehouse, 1,500 sq. ft office space
Growth & Expansion:
Growth Opportunities: Expand Team, Expand Lead Remediation Services, Expand Insulation Services, Expand Fireproofing Services
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About the Sale

Reason For Selling:
Retirement
Training/Support:
1 year
Seller Financing:
15% Seller Financing: $195000

Listing Info

ID:
1483324
Ad Detail Views:
113

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