Environmental Consulting Firm with $4 Million Dollar Backlog
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1017000
Net Profit / Cash Flow $239000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1993
Number of Employees 4 - 5
Inventory 20000
Relocatable Yes
Number of Employees 4 - 5
Real Estate Leased
Training Owner with work for buyer during transition period
Reason for Sale Owner wishes to obtain a science PhD in England
Description Eleven (11) year old consulting business. Primary source of income is the State of California through the UST Clean-up Fund. Our main services include performing subsurface site assessments and property remediations. Our existing project backlog is estimated to include over $4 million in future compliance and remediation work. This work backlog is not dependent on the presence of the founder / owner. If owner departs, the work backlog should continue provided the service quality remains intact. Clients generally interact with employees (project managers) rather than the owner. The UST Clean-up Fund is a reimbursement program which pays for the costs of cleaning up properties with leaking underground tanks. A potential business buyer will need to have a inbank of cashin to be used to fund this particular category of work. We presently maintain a cash bank of approx. $275,000 to pre-fund project work paid by the State. The State of California generally pays for work performed about 3 to 3.5 months after submission of a reimbursement request. Aside from the owner, the company employs one other CA Registered Geologist. Professional certification is required to perform the type of work this organization performs. The ideal business buyer would be an existing environmental consulting firm which already understands the regulatory and technical framework of the environmental industry. The owner is asking $675,000 to purchase the business.
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