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Listed by:

The Firm

Below Ground Sampling And Well Installation And Abandonment For Sale

Chicago, Illinois, US
Asking Price:
$1,430,000 (USD) Furniture / Fixtures included
Sales Revenue:
$1,168,779 (USD)
Cash Flow:
$364,281 (USD)

Providing environmental services in groundwater, soil, soil vapor, well installation and abandonment, and being principally located in the Chicagoland area, this professional environmental drilling company has been providing expert soil and water evaluation services since 1996. The owner spends less than 15% of his time in the field and this can be easily absorbed by current employees. They have completed projects in 27 states, but typically focus their efforts on acquiring work in the Heartland, specifically Illinois and Indiana. When an environmental consultant needs subsurface samples, this team of seven drives to the site (7 trucks & 5 trailers included), drills the sample, and provides a workspace for an outside consultant to do their testing.

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.

• No professional license or industry expertise required to operate this business.
• Current space is perfectly suited for the business and leaves plenty of room for expansion.
• Purchase includes $841,489 worth of equipment such as specialty drilling rigs and geoprobe tools.
• Great potential for growth without increasing overhead.

Property Information

Real Estate:

Lease

Location:

Chicagoland, with satellite in Cincinnati
Work is mostly completed in Illinois and Indiana

Size in square feet:
3,000 sq. ft.

Business Operation

Expansion Potential:

Build in-house analytics, maximize utilization, add geotechnical services, quarterly ground water monitoring, NPDES sampling

Reasons for selling:

Retirement

Employees:
5 FT, 1 PT, 1 FT 1099
Years established:
Est 1996

Other Information

Support & training:

Seller Training Period - 1 year

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Purchase Price: $1,430,000

12.5% Buyer Down Payment $178,750
12.5% Seller Financing or Equity $178,750
75% Bank Loan $1,072,500

A 12.5% down payment of $178,750 returns $181,408 in the first year after debt payments!

* 60% Collateralized *

Furniture / Fixtures value:
$622,216 (USD) - included in the asking price
Related Documents:
Relocatable:
This business can be relocated.

Contact The Firm

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