Opportunities
Industrial & Enviro Clean up and Waste Removal
Absentee Owners with Leadership Team in Place!
Specifications
This company currently has 250 clients, of which 50+ of those are recurring, with revenue generated from diversified services. This company handles all aspects of the industrial clean up services and disposal & hauling of drilling waste for oil field productions; the other 30% is a mixture of maintenance, water delivery, vegetation control, water truck services, & mobile steaming. The unique qualified team allows the owner to be able to live remote, more than 2 hours away, and only does light oversight of the business. The Leadership Team is in place & consists of twenty-three employees. There are 5 in Administration (Vice President of Operation, General Manager of Fleet & Dispatch, Billing Manager, Safety Officer, and Dispatch); 13 Operators, and 5 in the Shop. Their equipment & vehicles have a value of over $2.6MM and consists of combo vacs, tank trucks, straight vacs, water trucks, mobile steamers, and maintenance units. There is roughly $477k of Working Capital that is included in the purchase price as well. The business has a focus in Alberta with clients across Canada. The company’s leased space consists of an 11-acre industrial fully fenced yard site, a 750 sq. ft. office with 4 maintenance bays, and a 5- bedroom crew house.
At the purchase price of $5,050,000 CAD, with a 20% investment from the Buyer, the Seller will show a vested interest in the business’s success by holding a note for 15% allowing the bank to be at a 65% loan, making the business over 100% collateralized. Financing should be a breeze as this company is boasting a 25% Profit Margin and already has backlog in 2023 that shows cashflow will be even better than 2022.
Business Highlights
Revenue: $5,165,30
Cash Flow: $1,278,622
Equipment/Vehicles: $2,633,500
Inventory: $135,000
Working Capital Included: $477,254
Environmental Services: Disposal of drilling waste, turnaround & industrial clean up services dust suppression, culvert thawing & flushing, heavy equipment washing, and hydro testing.
Clients: Municipal and Local utility companies, Energy Organizations and Explorations.
Personnel: 23: 5 in Administration (Vice President of Operation, General Manager of Fleet & Dispatch, Billing Manager, Safety Officer, and Dispatch); 13 Operators, and 5 in the Shop
Service Area: In Alberta with focus in The Peace Region of Northwest Alberta
Location: Fox Creek, Alberta.
Current Owners’ Responsibilities: Lives 2+ hours away, oversees from a far. Role is light oversight, a couple calls per week. ? Reason for Selling: Exit Planning for retirement – Already moved for semiretirement
Seller Training Period: 1 year
Year Established: 1999
Lease: 11-acre industrial fully fenced yard site, 750 sq. ft. office w/ 4 maintenance bays + 5-bedroom crew house
Funding Details
Business:
Offer Price: $
% Buyer Cash Down at Closing: $
% Seller Carry Back via Promissory Note: $
year term at a rate of %
% of Purchase Price secured by Buyer and Seller
Total Bank Loan Need: $
% of Purchase Price
Desired Loan Type:
Desired Bank Terms: year term at a rate of %
Total Business Assets, Inventory, and A/R: $
Total Undercollateralized Loan: $
Loan Payments
| Monthly Payment to Bank: | $ |
| Yearly Payment to Bank: | $ |
| Monthly Payment to Seller: | $ |
| Yearly Payment to Seller: | $ |
| Total Monthly Debt Service: | $ |
| Total Yearly Debt Service: | $ |
Conclusions
Fixed Charge Coverage Ratio
The bank will require a minimum ratio of 1.5 to be lendable.
|
Cash Flow: 2022 cash flow |
$ |
| Annual Debt Service: | $ |
| RATIO: |
Buyer's Net Operating Income (NOI)
The amount of money the Buyer will retain as profit.
|
Cash Flow: 2022 cash flow |
$ |
| Annual Debt Service: | -$ |
| NOI: |
Buyer's Return on Investment (ROI)
The rate of return on the Buyer's down payment.
| Down Payment: | $ |
| NOI: | |
| ROI: | % |
Attachments
| Document Title / Description |
|---|
This folder is empty.
Email
Print
Already have an account? Log in here.
Print, sign and send to:
210 N 78th St. 2nd FloorOmaha, NE 68114
Or fax to:
f 402.939.0857