Location: Southeastern Michigan
Industry: Septic Pumping & Portable Restroom Rentals
Listing ID: FM101218TS
This profitable septic pumping and portable restroom business is ready to change ownership after 39 years of being a family business. The company has a very loyal team of employees that would help move the company into the future.
The revenues of this business are split evenly between septic pumping and rental of 360 portable restrooms. Their client base includes residential, commercial and municipalities across their large service area.
This industry is known for being a very steady business, plus it is one of a few recession-resistant industries available. This kind of business is not available for sale often as they usually stay in a family. Though during strong economic periods, the portable restroom segment is very lucrative.
Included in the sale are 2 septic pumping trucks, 2 portable pumpers and 2 additional service trucks. Also, they own a 10,000 gallon storage tank that provides flexibility and a strategic advantage to manage/reduce costs.
Just a few of the strengths of the company include the following:
- Reliable service & employees
- Low turn-over of employees
- Well known good name and reputation
- Long history
- Customer records
- Local Government contracts in place for years
- Great relationships with local government entities
- Years of knowledge in the Septic Industry
The company is positioned to take advantage of many growth opportunities. Current owners want to retire.
Total Sales: $650,100
Cash Flow: $114,396
FFE: $376,670 (Included in Price)(Included in Price)
Terms and Conditions?:
Seller willing to provide 10% seller financing for buyer to secure an SBA low interest loan.
Reason For Sale:
Training & Support:
Sellers will work with new owners in successfully transitioning the business.
Year Established: 1998
Days & Hours of Operation: Standard business hours Monday - Friday, but offers emergency service.
Monthly Rent: $2,500/month Triple Net
The real estate used for the operation is available for lease to minimize any disruption to the business and may be available to purchase in the future under a first right of refusal option. The real estate is home to the company office, maintenance facilities and storage site for equipment and inventory of portables. This same property also includes two currently rented homes. One home closest to the office has two rental units while the second building is a separate housing unit. All housing units are occupied.
The real estate is available for lease at $2,000 per month on a triple net lease. It is possible that the real estate will be made available for purchase, but no price has been determined. The property includes rental opportunities from the two residents on the property. They are currently rented at the following rates:
• House at $1,500/month
• House with 2 apartments at $800/month each
• $4,000/year for boat storage
The owners have identified several areas that could increase sales and profitability, but they chose not to implement as they are more focused on retirement.