Last Revised: 12/9/19. Posting #: 10249106
Key Words: drilling, environmental drilling, engineering, construction, geotechnical, new england, absentee
Financial Info: Asking Price: $3,900,000. Gross Sales: $1,932,484. Equipment: $2,200,000. Cash Flow: $523,876. All equipment is in excellent condition with many items being purchased within the last two years. Equipment and inventory is included in the asking price.
Profile: A rare opportunity to acquire a top geotechnical and environmental drilling service company in the New England region is now exclusively available to qualified buyers.
Very rarely does a business like this enter the market. The industry is tight-knit and hard to break into as a start-up. This is an ideal business acquisition for an existing drilling operation, construction or engineering firm to grow its revenue and increase its equipment inventory through acquisition. Alternately, a new owner with experience can purchase the business to work in a leadership role to run the turn-key operation.
The business employs an experienced workforce of 12 full-time employees. Most have a tenure greater than 10 years. Services are competitively priced, and the business beats most competing quotes based on the efficiency of their process and equipment. The reputation and relationships built with top engineering firms are impeccable. The business holds state and federal contracts.
Currently, the owner works 25-30 hours per week in a management role only and is looking to sell the business and retire. All equipment is in excellent condition with many items being purchased within the last two years. Equipment and inventory is included in the asking price.
Professional Resources & Contacts To Help You Close Your Deal!
Profile: New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. We believe in long term relationships with our clients. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese.
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Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
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