Profitable Septic Pumping Business with Strategic Advantages

Price: $1,375,000

Location: Kent County, Michigan

Industry: Septic Pumping & Cleaning Services

Listing ID: CK02102017SS

Status: New

Listing Description

Long established, fully-licensed and profitable near recession proof full-service septic tank business.  Services include pumping, cleaning, emergency service, septic tank certification, repairs and replacement.

This company has the equipment, people and marketplace for the kind of growth that really matters, new business; moreover, this company has the resources to leverage their current client list for increased new revenue.  There are many areas to increase profitability and add new products/services to increase revenue.  The business provides various service offerings to both residential and commercial accounts.

The location of the business places it at the center of a real growth story waiting for a new owner fully committed to the business.  The real estate is available for purchase or under a lease arrangement.  The facility could easily handle the doubling of business without any upgrades.

This company provides a new owner the opportunity to grow the business quickly without much effort. The facilities provide a nearly new, but well-established system ready to roll into the processes of driving significantly more dollars to the bottom line. In short, this operation is rich with additional capacity, with some strategic advantages over their limited competition.

Listing Details

Total Sales: $1,101,434

Cash Flow: $213,981

FFE: $571,000 (Included in Price)

(Included in Price)

(Included in Price)

Terms and Conditions?:

Seller is open to some seller financing.

Reason For Sale:

Owner looking to retire.

Training & Support:

Owner willing to stay on for a period of time to allow the new owners to learn the business and assist in the transition.

Operation

Year Established: 1960

Days & Hours of Operation: Monday - Friday, Business Hours & Emergency Service as needed

Owner Hours Per Week: 40

Employees: 6

Managers: 2

Location

Lease Option: Owner prefers to sell real estate with the business.

Type of Location: Industrial

Square Footage: 7172

Facilities Information:

The property situated in a suburban setting. The immediate neighborhood consists of industrial and commercial uses along the main roadways and various single-family and multi-family residential uses.
 
The property consists of a rectangular shaped 3.43-acre parcel of land. The parcel contains 435 linear feet of road frontage. Included in this parcel is excess land of 0.88-acres. The property is currently zoned I, General Industrial.
 
The site is comprised of two, one-story buildings being used for septage operations, with a total 7,172 square feet. The original building was built in 1980, has a concrete block frame, asphalt shingle roof and 3,588 square feet. Included within the structure is 1,188 square feet being used for office purposes. The office area is heated and cooled by a packaged, gas, forced-air system. Not included within the gross building area was 160 square feet of light mezzanine storage in the industrial area. The new building was built in 2012, has a steel frame, metal exterior walls, asphalt shingle roof, and a total of 3,584 square feet for industrial use. Ceiling mounted gas-forced air heaters heat the industrial areas. Both buildings are constructed on a concrete foundation and floor structure. The overall effective age is 20 years. The buildings have been well maintained over the years are in good overall condition.

Owner prefers to sell real estate with the business.

Summary

Owner Qualifications:

No specific training or licensing is required.  Strong business management and creativity to move the company into new revenue and profitability areas.

Potential Growth:

The company is well positioned to provide more service for a growing area and providing additional services by maximizing the company’s current resources.  These include:

  • Maximizing current employees by increasing work shifts.
  • Adding additional capacity by additional hiring.
  • Add new service offerings and products that would be complimentary.
  • Opportunities to increase the efficiency of current workforce.
  • Increase sales and marketing programs to generate more revenue.
  • Expand markets served.

Financing/Terms:

Seller is willing to offer some seller financing to assist with SBA financing.