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Subsurface Soil & Water Testing
Location: United States -> Illinois -> Chicago
Industry: Business Services > Other Services




Business Summary

Principally located in the Chicagoland area, this professional environmental drilling company has been providing expert soil and water evaluation services since 1996. They have completed projects in 27 states, but typically focus their efforts on acquiring work in the Heartland, specifically Illinois and Indiana. The team of seven offers services that include testing for groundwater, soil, soil vapor, well installation & abandonment. When an environmental consultant needs subsurface samples, this team drives to the site (7 trucks & 5 trailers included), drills the sample, and provides a work space for an outside consultant to do their testing. The $651,000 worth of equipment such as specialty drilling rigs, and geoprobe tools are included in the asking price with on the shelf well materials, supplies, and fuel to be added. The owner spends less than 15% of his time in the field and this can be easily absorbed by current employees.

Currently, this company does not do any in-house sample testing, they simply collect the sample and provide it to the environmental consultant. Adding an analyst, however, is an area for growth that could potentially bring in additional projects. Additional areas of growth can be found in geotechnical drilling as well as maximizing utilization and assets, so there is great potential for growth without increasing overhead.

The business operates from a 3,000 square foot space within a steel frame building perfectly suited to the company with room for expansion. With two offices, a very large shop, and three overhead doors, there is plenty of work space and storage, as well as room for indoor parking.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $1,267,099
Cash Flow:   $1,094,010
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $651,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1996
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  6-8 Months
Reason For Selling:  Retirement




Print Listing Id: 700334712
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Also See: Franchise Opportunities > Franchise Resales > Illinois Businesses For Sale > Illinois Franchises For Sale > Illinois Business Brokers



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