MergerPlace

Established Septic Pumping & Excavating

Traverse City, Michigan (Berrien)


  • Asking Price: $345,000
  • Gross Income: $350,615
  • Cash Flow: $106,220
  • Real Estate: $50,000
  • Inventory: Not Disclosed
  • FF&E: $192,000
  • Listing ID: #207976
  • Established: 1993
  • Employees: 5 Part-Time

Business Description

This septic and excavation company is located in Niles, Michigan serves both Southwestern, Michigan and North Eastern Indiana. It has serviced these areas proudly for more than twenty-five years. The company is well positioned for growth. The business is for sale as the owner is looking forward to retirement and he has developed a management style designed to permit the company to nearly operate itself. This company since its founding has never had any type of insurance claim filed against it by customers and/or any past or present employees. In brief, the business has a squeaky-clean record on all fronts.

The company boasts a client list of nearly 3,000 customers; they are best described as repeat septic (pumping) customers who have been loyal and continue to rely on their services as needed. All indications are on average the company provides pumping services to about 1,000 of those on the company’s records. There are no reminder cards sent out as customers randomly call in for a service appointment. An outstanding and carefully updated customer list has been kept by the owners and all the records are available for a buyer’s review.

They not only perform regular pumping services for residential and commercial clients, but it is also in the business of excavating for installations and additional excavating client needs. In their market area, it is the go to company for both excavating, repair and pumping services. Currently, the owner oversees the operations, but no longer drives a truck or performs any pumping services.

Additional services provided by the company, but to a much less extent include the following:
• General excavation
• Building site development and clearing
• Driveway construction and reconstruction
• Bulldozer work available


Business Details

Primary Business Category: Services - Waste Management & Remediation
Location: Michigan
Metropolitan Area: Traverse City
County: Berrien

Company Information

Year Established: 1993
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 5 Part-Time

Financial Information

Asking Price: $345,000
Gross Revenue: $350,615
Cash Flow: $106,220
FF&E: $192,000
Real Estate: $50,000
Seller Financing Available: Yes

Property Information

Facilities:

Pole barn with plumbing, heat and restrooms, residing 5-acres of land.

Growth & expansion opportunities:

The equipment is obviously a big part of the operation and it has been very well maintained. To date, the full generating revenue capacity available to this business by fully utilizing the equipment has yet to be realized. A new owner could easily increase revenue by 20% in their first year of operation by adding advertising to the mix and taking advantage of the excellent equipment that is part of the sale of this company. The owner also believes there is little competition in the portable restroom business in the area served by his company. With a small investment, this is another revenue channel opportunity for growth for this company. The specific market areas for both revenue generators can and would include St. Joseph, Berrien and Cass Counties. In these same geographies, there is a current and growing need for the cleaning of restaurant Grease Traps, as well as the plumbing services that ordinarily accompany the cleaning and attending to drains of all types.

Competition:

The company spends almost zero dollars on advertising due to its outstanding reputation in the rural markets served. This leaves the door wide open for expansion with a new owner interested in growing the business to the next level. In fact, recently two competitors within the same general area closed shop and this year they are certain to gain a significant amount of business for its revenue. The two companies represented the only competitors in the immediate market area.

Reason for selling:

Retirement

Support & Training:

Owner willing to provide necessary transition assistance.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Curtis Kuttnauer

Golden Circle Advisors, Inc.