Total of 18657 firms and businesses for sale today Thursday 28th March 2024
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Business For Sale. Remediation Services Business

LISTING DETAILS
Firms For Sale ID:
26584
Vendor reference:
Remediation Services Business
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
Undisclosed
Furniture, fixtures, fittings and stock included.
Turnover / revenue:
$2,524,145
Net profit / cashflow:
$931,192
Years established:
15
Trading hours:
Monday to Friday; 8:00 AM to 5:00 PM. Field is available 24/7
Number of employees:
32

OTHER DETAILS
Reason for selling:
To pursue other business opportunities and interests and eventual retirement.
Support and training:
One owner wants to exit the business as soon as possible after an orderly transition. Other owner is willing to stay on for up to two years to successfully transfer all customer relations.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Started in 1996, this well-established Company provides rapid response service to commercial customers to remove asbestos, lead, and microbial contamination. It specializes in providing a complete problem solving service to its customers. The company has a broad customer base of high profile property owners and management companies in the Washington, DC / Baltimore Metroplex. A typical need of the company’s services is driven by an emergency “disruption of business” situation caused by weather, mechanical failure or equipment malfunction where time is of the essence. The company does no advertising and virtually no marketing but receives calls everyday based upon past performance; generating $2.5+ million of very profitable work. The Company prides itself on the quality of its work and uses W-2 employees for the vast majority of the work. Due to its well-known brand, excellent reputation for quality service and repetitive customer base this is a very strong platform for growth. The owners will ensure a successful transition.
The company is located in the suburbs of Washington, DC.

The Company enjoys excellent gross and net margins due to the quality of its customer base and the nature of its work. Calendar year 2012 continues to show growth over the previous year.

Facilities: The Company operates in suitable office and warehouse facilities located in ideal proximity to the bulk of its work in the suburbs of Washington, DC.

The owners will entertain offers of varying financial and legal structures and each offer will be evaluated on its own merits and in relation to other offers

Expansion Potential
Company has established a very profitable niche in a great regional market within a much larger industry. It has developed very strong, trusting relationships with many high-profile property management firms who value the company’s work product, responsiveness, attention to detail and integrity. Growth could come from leveraging these relationships to provide additional services or take on bigger projects in its current offerings. Below are some specific growth pathways:
• Begin a marketing program to communicate with its base of past customers.
• Bid on larger projects. Company historically refused to bid on the environmental remediation of large projects. This market is very large in the DC metropolitan area. Company has excellent relations with many of the General Contractors who in turn provide the services to its clients. Often times clients want company to also provide the environmental services to their project via the General Contractors
• Expand to provide other services such as demolition, extermination, security and housekeeping that have been requested by company clients.
• Market water restoration and duct cleaning services

Market / Competition / Non-Competition Agreements
According to IBIS World, the top four players accounted for 31.3 percent of industry revenue in 2009 and the top fourteen took in 47 percent. Below this the industry is highly fragmented with an estimated 3,160 establishments overall. In its market area and segments, the company sees several competitors on a regular basis.

• LVI Services – a nationwide player with an office in Gaithersburg, MD
• ACM Services – regional with HQ in Rockville, MD
• Potomac Abatement – regional with HQ in Jessup, MD

Company differentiates itself by building trust and providing great service. They respond quickly and efficiently and solve problems. They typically do not bid on large jobs but prefer profitable work with a total value less than $500K.