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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.
Chicagoland, with satellite in Cincinnati
Work is mostly completed in Illinois and Indiana
Build in-house analytics, maximize utilization, add geotechnical services, quarterly ground water monitoring, NPDES sampling
Seller Training Period - 1 year
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 *
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