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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Environmental & Tank Removal Service Co.
(Services)
Union County , NJ
Listing ID: SVS400

Listing DetailsGross Revenue: $ 2,096,351
Cash Flow: $ 304,803
FFE: $ 410,000 (Included in Price)
Reason for Sale:

The purpose of this business transaction is due to the owner’s relocation.


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 2012
Days & Hours of Operation: Mon.-Fri. 8am-4:30pm
Non-owner Payroll: $ 15,000
Employees: 8
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 10000
Monthly Rent: $ 5,000
Square Footage: 600
Facilities:


This opportunity is in Northern New Jersey, Morris County and conducts business throughout the state. New Jersey consists of hundreds of highly populated communities and businesses with continued demand for this specialized service. The facility which consist of approximately 600 square feet plus exterior work areas, is fully equipped to conduct it business operation. The business facility is at a commercial location which permits the required equipment and vehicles.


SummaryBusiness Description:
Wonderful business opportunity to acquire this highly profitable environmental company which services, underground oil tanks, remediation, excavation, and demolition. This highly profitable environmental and tank services company located in Northern New Jersey will evidence a 2017 gross yearly income of $2,088,813 and a net income of $371,593, and the 2018 gross income was $2,096,351. The owner is now retiring after many years in this industry and is prepared to train and consider possible seller financing in order to arrange a successful sale. This service industry has huge profit margins due to the low cost of goods and the continued and substantial ever-growing demands in this environmental industry. The future projection has a substantial demand for growth due to the many New Jersey State pending regulations and the number of existing and potential projects. The company is a fully licensed, certified and insured, in accordance with local, state & federal laws and offer the highest level of quality service and professionalism. Residential or Commercial, any size tank, above ground or underground, they are gas/oil system specialist. They also specialize in leaking, cast iron section replacement, steel boiler removals, cleaning and decarbonizing. They are experts in New Jersey’s environmental regulatory requirements and have several different methods of remediation. Their priority is to remediate the property using the best strategy based on the particular circumstances. Whether they need to remediate through excavation or chemical remediation, the have the experience and qualifications to solve the issue. The company will complete the required remediation and will coordinate the required documentation to the NJDEP in order to obtain final state approval. The company also provides a wide variety of excavation services and they have the experience and certification necessary to complete each job conscientiously. The company services all levels of jobs, they have the equipment, experience and certification necessary to do complete the job. Regarding the lease agreement, this business transaction will supply a new five plus five-year commercial lease which will expire 2029, plus additional options available, with a monthly rent of $5,000, cost per square foot is estimated at $18.46 and rent security of approximately $10,000. Additionally, the owner will agree to market the real estate at any time coordinated with their realty firm. This successful construction company operation is active five days per week, with hours from 8:00 am to 4:30 pm. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

 


Competition:

Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business opportunity can be further expanded by the new operator by improving the existing marketing plan and the required local advertising. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.


Financing/Terms:

Seller financing is available to qualified buyers.