Listing ID: 77307
Business Overview
This well-performing specialty cleanup, waste management and maintenance services contractor has provided comprehensive “one-stop” solutions to California building contractors and developers of all sizes, for over 20 years. This allows their customers to focus on development and on-time project completion, ensuring that their waste management and cleanup practices are in compliance with local, state and federal regulatory requirements.
Construction waste management services include construction cleanup, dumpster placement (loading and removal), concrete and paint washout placement and removal. Various maintenance and cleaning services are also provided. Long-term customer agreements are in place with key customers. The business is scalable to add new services and expand to other locations.
After 2 weeks of post-sale training, the owner plans to provide transitional consulting/employment and may agree to be the qualifying C-61/D63 RMO/RME , provided the qualified buyer has a solid plan to obtain those licenses.
Financial
- Asking Price: $1,595,000
- Cash Flow: $540,000
- Gross Revenue: $2,000,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2001
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:800
- Lot Size:N/A
- Total Number of Employees:17
- Furniture, Fixtures and Equipment:N/A
Seller will train new owner.
Seller is retiring
Additional Info
The venture was founded in 2001, making the business 21 years old.
The company has 17 FT employees and resides in a building with approx. square footage of 800 sq ft.
The property is leased by the company for $4,480 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell businesses. Nevertheless, the genuine factor and the one they tell you might be 2 absolutely different things. For instance, they may state "I have too many other commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might simply be excuses to attempt to conceal the reality of altering demographics, increased competitors, recent reduction in incomes, or a range of various other factors. This is why it is very essential that you not count completely on a seller's word, but rather, use the vendor's answer in conjunction with your overall due diligence. This will repaint a much more reasonable image of the business's present situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies finance loans in order to cover things like inventory, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can mean that earnings margins are too tight. Lots of businesses fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that must be fulfilled or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract new consumers? Often times, companies have repeat consumers, which develop the core of their day-to-day earnings. Certain variables such as brand-new competition growing up around the area, roadway building and construction, and staff turnover can affect repeat consumers and also negatively influence future revenues. One crucial point to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business on a regular basis, the better the possibility to build a returning client base. A final idea is the basic area demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? Just how might the local mean home earnings impact future revenue prospects?
