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For Sale Environmental Drilling Company In Northeastern United States

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Contact: David Richman at 860-408-9177, 860-408-9177 - Log In To Message/Email This Contact
Last Revised: 12/9/19. Posting #: 10249106
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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.

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Contact: Helen Yoo at 626-890-1151   Log In To Message/Email This Contributor
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.
Key Words: escrow, bulk sale, helen yoo, new century escrow
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Contact: Daniel Herring at 850-424-7541, 334-329-8023 (Cell)   Log In To Message/Email This Contributor
Profile: My mission is to conduct a thorough, well-planned, and well-executed transaction for both the seller and buyer, offering a confidential, professional approach to my clients and taking an M&A approach to main street transactions to ensure the optimal selling price and shortest time on the market.
Key Words: daniel herring, emerald coast business intermediaries, business broker, business valuation, valuation, consultant, due diligence, due diligence services, auto repair, construction, restaurant, airport shuttle, shuttle, okaloosa
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Contact: David Richman at 860-408-9177   Log In To Message/Email This Contributor
Profile: Deal Team was founded with a mission to provide breakthrough professional business brokerage services to small and mid-size businesses. Our professional and practical approach to business sales brings a level of service to middle-market businesses that is regularly experienced by larger companies.
Key Words: david richman, richman business brokers, business broker, business intermediary, valuation, business valuation, consultant, fitness, manufacturing, machine, appliance, pet containment, pet, pets, locksmith, locks, cleaning, detailing, grocery, entertainment, family entertainment, metal, sheet metal, manufacturing, drilling, new haven, litchfield, farmington valley, hartford,
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Contact: Peter Siegel, MBA at 925-701-8064 X313, 925-785-3118 (Cell)   Log In To Message/Email This Contributor
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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Contributor: Peter Siegel, MBA at 925-701-8064 X313   Log In To Message/Email This Contributor
Profile: Whether it’s a business owner/seller or a business broker representing a business owner who is selling, buyers of businesses must be diligent about asking the right questions and getting the right information up front before wasting their time or losing money in a potential futile transaction.
Key Words: buying a business, peter siegel
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Contributor: Spencer Siegel at 925-701-8064 X315   Log In To Message/Email This Contributor
Profile: Owner sellers begin the process of selling their business with incorrect assumptions derived from a subjective mindset, limiting their ability to properly market to buyers. By understanding the motivations and goals of business buyers better, owners can sell their businesses more quickly.
Key Words: selling a business, seller, buyers, escrow, spencer siegel
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: Buying a business is no easy task. In fact, business buyers are faced with many questions before beginning their search for an existing business for sale. BizBenNetwork Senior Facilitator Manager Jordan Green gives helpful tips for prospective business buyers to start their search on the right foot.
Key Words: buying a business, business buyers, buyer, buyers, buying a small business, absentee, absentee run, pre-qualification, financing, loans, sba loans, deposits, business purchase financing, due diligence, jordan green
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Profile: It is every buyer’s dream to purchase an absentee owner business that allows them to collect a sizable paycheck without requiring any work. Is this a realistic expectation for business buyers? Is there such thing as 100% absentee business ownership? Jordan Green explores this popular topic.
Key Words: absentee, absentee owner, absentee ownership, semi-absentee, business owner, jordan green
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Contributor: Tim Cunha, Broker, Specialist at - Log In To Message/Email This Contributor
Comments & Replies: 10   Topics: business brokers, buying a business, due diligence, escrow bulk sales, for sale by owner, selling a business
Profile: A business buyer asked: “I just made an offer to buy a business and would like to know what items I should get from the seller to initiate and complete due diligence of the business. Also, how much time should I allocate for successfully completing the due diligence process - 1 week? 4 weeks?”
Key Words: due diligence, confidentiality, due diligence process, tim cunha
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Contributor: Peter Siegel, BBN Facilitator at - Log In To Message/Email This Contributor
Comments & Replies: 22   Topics: for sale by owner, legal issues, selling a business
Profile: A business owner/seller on BizBenNetwork just posed this question to me in a BBN Facilitator Session: “What are the best practices for avoiding lawsuits, possible litigation when selling a business?” In this discussion, we discuss many angles and ideas on this topic for sellers, brokers, and agents.
Key Words: selling a business, legal, attorney, sell a business, legal issues
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Contributor: Blair Sibley, Business Broker at - Log In To Message/Email This Contributor
Comments & Replies: 1   Topics: selling a business
Profile: In this BizBenNetwork discussion led by New York Business Broker Blair Sibley, BBN members and resources discuss the many factors that impact the length of time needed to successfully sell a small to mid-sized business and provide sellers with tips for preparing their business for sale.
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