Absentee Owner Environmental Testing Company, Recession Proof! SC2199
| Asking Price: | $6,950,000 |
| Gross Revenue: | $10,000,000 |
| EBITDA: | $600,000 |
| Established Year: | 2011 |
| Cash Flow: | $1,200,000 |
| Rent: | $5,000/Month |
| FF&E: | $500,000 |
Profitable, Absentee Owner Environmental Testing Company - Recession Proof! - SC
Northern California Absentee Owner Environmental Testing Company - Recession Proof! - SC2199
Financial Information
Asking Price: $6,950,000
Cash Flow: $1,200,000
Gross Revenue: $10,000,000
Down Payment: $6,950,000
This Northern Californian Absentee Owned Environmental Testing Company is a California Sub-Chapter S Corporation that was founded 14 years ago and has been under current ownership ever since. Structured currently as an absentee owned enterprise, this company specializes in Field Compliance verifications, home performance rebates, energy assessments and permit pulling services with the goal of providing quality in-home inspection services. They are one of the leading providers for the Home Energy Rating System (HERS) program in California. Why is this business Recession Proof? HERS testing is mandatory for all newly constructed buildings and is prescriptively required for most Heating Ventilation Air Conditioning (HVAC) alterations, including replacement of HVAC units. This company focuses mostly on the residential replacement market, and there are HUGE opportunities for growth in the new construction and commercial HVAC markets. They currently service Northern California but also have a presence in Southern California.
What makes this company so special? They have developed an in-house proprietary all-encompassing management platform tailored to the needs of contractors withing the residential and commercial HVAC, Plumbing, Electrical, Solar and home performance sectors. With their innovative suite of features, this software empowers businesses to streamline their operations, optimize workflow, and improve compliance with industry standards.
Business Location
City: Northern California
State: California
Reason for Sale
The reason for selling is the Seller would like to pursue other interests.
Detailed information
Year Established: 2011
Home Based: No
Franchise: No
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Full-Time Employees: 43
Part-Time Employees: 1
Contractors: N/A
Owner Worked Hours/w: 2
Adjusted EBITDA: $600,000
Inventory Included: No
Inventory Value: N/A
Monthly Rent: $5,000
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value: On request
Building Size: 10000
FF&E Included?: Yes
FF&E Value: $500,000
Training/Support
The Seller is willing to train the new Owner for up to 4 weeks at 20 hours per week. Additional training from the Seller may be available at mutually agreed upon compensation from the Buyer to the Seller.
Market Outlook/Competition
Growth and expansion can be had by increasing their presence in Southern California to a larger geography (they have a small presence in Southern California), increasing focus on the new construction market and expand with satellite offices near major cities throughout California. There is also an opportunity to expand nationally.
Real Estate Description
They operate out of 10,000 square feet building that is owned by the Seller and can be available for purchase for an additional cost. They currently operate under a 20-year lease with a current rent of $5,000 per month.
CA 02100708
NV 1003039
