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.
Key Words: escrow, bulk sale, helen yoo, new century escrow
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
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, florida, alabama
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Key Words: selling a business, sell a business, sell your business, financial statement, financial statements, financials, valuation, valuing a business, valuing your business, business valuation, business owner, business owners, owner sellers, john byrne
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