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Listing ID: 2895128

Environmental Consulting Company For Sale

Middlesex, New Jersey, United States

$ 850,000

(Furniture / Fixtures and Inventory / Stock included)

Revenue: $ 1,170,659

Cash Flow: $ 404,850

Business Description

Wonderful business opportunity for this successful Environmental Consulting & Compliance Company that has developed a highly successful reputation and extensive experience in the remediation and service of soil contamination during the past twenty-five years. The owner of the company does not have to be licensed, most remediation firms have a Licensed Site Remediation Professional (LSRP) on staff who oversees the soil remediation project from beginning to end. The company has a long history in soil remediation across the state of New Jersey and has amassed impressive project success with specific statistical data. This environmental consulting company has a yearly gross income of $1,170,659 and a consistent yearly net income of $404,850 to the owner operator. The business operation has a Licensed Site Remediation Professional (LSRP) who coordinates and oversees each of the soil remediation project. The process is standard, the contaminated soil is removed, and field screening will be performed to determine if all contamination has been excavated. Once the soil is screened and determined to be clean, then soil samples will be collected from the excavation area and final testing will be completed, to determine if any additional soil remediation is required. Upon completion of all site remediation projects, a full Remedial Action Report is prepared for submission to the NJDEP. At that time the NJDEP will issue a No Further Action (NFA) for the property and the company coordinates every step of the process. The company has a variety of cutting edge methods to find hidden tanks, including ground penetrating radar (GPR), magnetometry, for probing underground tank inspections. Their equipment can find tanks at depths of 20 feet and their oil tank services include a visible interior and exterior inspection of the property. Their technicians have been extensively trained in locating underground storage tanks. This company routinely has 9 full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $30,000. This business opportunity will supply a new commercial lease which can expires 2023-01-01, plus additional options, with a monthly rent of $3,675 cost per square foot is estimated at $29.40 and rent security of approximately $5,000. The company’s fixed assets has an estimated value of approximately $235,000 which is based on various equipment and licensing replacement cost. This transaction consists of a fully equipped remediation company, which includes, required licenses, web site, social media venues, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This successful remediation business operation is routinely active five days per week, with hours from 9:00 am to 5:00 pm. The sale includes all required licenses and documentation including a certificate of occupancy from the local municipality and the required state or city licenses to conduct its day to day business. The business has been valued / priced at $850,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Additionally, the real estate is available to purchase as an option. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

Property Details

Size:

1500

Property Type:

Lease

FF&E:

$ 235,000

Inventory Value:

$ 2,500

Other Details

Business Location:

The company is Licensed and functions throughout the state of New Jersey and is presently located in Northern Central New Jersey. This non-retail facility is in a 1,500 square foot commercial setting and has an attractive professional appearance.

Competition:

Regarding competition, the state requires specific licensing which limits new competition and to the best of our knowledge, due to various other circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Expansion Potential:

The business presently has a limited marketing plan, no local advertising, basic web site and if improved can further develop the business yearly gross sales.

Document:

Operation Details

Employees:

9

Support & Training:

The owner is available to remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller will supply additional training or work part time post-closing at a fair cost to the purchaser.

Miscellaneous

Financing Available:

Yes
Is available to a qualified buyer with an appropriate down payment.

Reason For Selling:

The sale is due to the owner’s retirement after many successful years.

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