Primary Category:Other Building & Construction Businesses for Sale
This Abatement and Demolition Company is a Northern California Sub-Chapter S Corporation and has been in operation for the past 45 years under the ownership of its founder. They have been a trusted leader in environmental remediation and general contracting services, with five separate revenue streams: Environmental Remediation, Demolition, Coatings/Painting, HazMat Hauling, and Training & Consulting. These divisions work seamlessly to deliver maximum value, quality and service across every project, thus fulfilling multiple needs under one trusted partner. They maintain strong relationship across several regulatory agencies including Cal/OSHA, DIR, SDPH and the EPA. Type of jobs they work on include Schools; City, State and County Projects; Federal Government and Military Sites; Bridges; Homeless Encampments; Private and Commercial Office Buildings; and Residential Homes and Apartment Complexes. The training division has been at the forefront of environmental and safety education for over 40 years. They are a Signatory to Local 67 Laborers Union and General Laborers Union.
They carry several licenses, including Asbestos & Hazardous Waste Removal. Here are some of the services they perform:
• Fire Damage Demolition & Clean-Up
• General Building Demolition
• Asbestos Removal
• Lead Paint Stabilization
• Mold Remediation
• Fire Debris Remediation
• Hazardous Waste Removal, Disposal and Transportation
• Training for Asbestos, Lead, HAZWOPER, OSHA, Confined Space, Mold & More!
• Asbestos/Lead/Mold Testing
• Phase I and II Environmental Site Assessments
What makes this company special:
• Recurring Revenue with Long-Term Contracts (60% are repeat customers)
• Strong Reputation and Large Market Share
• Loyal Customer Base
• Highly Skilled Team
• Strong Asset Base
• License and Regulatory Approvals In Place
The Seller is now retired and this is absentee owned.
Financial Information
$4,490,000
Asking Price
$1,000,000
Cash Flow
$10,000,000
Gross Revenue
$4,490,000
Down Payment
$750,000
Adjusted EBITDA
Business Location
City:
Northern California
State:California
Reason for Sale
The Seller is selling to pursue retirement.
Detailed information
Year Established:1980
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 49
Part-Time Employees:N/A
Contractors:N/A
Owner Worked Hours/w:5
Inventory Included: Yes
Inventory Value:
$318,000
Monthly Rent:
$24,000
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value:
On request
Building Size: 21000
FF&E Included?: Yes
FF&E Value: $2,000,000
Training/Support
The Seller is willing to provide training at 20 hours per week for 4 weeks for the new Owner. Additional training can be made available at a mutually agreed upon cost to the new Owner.
Market Outlook/Competition
The US environmental remediation market generated a revenue of $20.6 Billion in 2023 and expected to reach $31.5 Billion by 2030 with a CAGR of 6.4% from 2024 to 2030.The US Construction Demolition Market Size was estimated at $15.22 Billion in 2023 and is expected to grow from $16.5 Billion in 2024 to $28.5 Billion by 2035 with a CAGR of 5.1%. The US asbestos abatement market size is projected to reach $1.52 Billion by 2031 from $1.00 Billion in 2024 with a CAGR of 6.29%.
Real Estate Description
This business operates out of two locations. One location is 7,000 square feet which is the office space. The other location is 14,000 square feet on 0.68 acres that is used as a warehouse, and has an adjacent lot available next to it. Rent on both spaces is $24,000 per month NNN. Both locations are available for purchase at an additional cost.
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