Lead, Mold and Air Testing for Corporate and Municipal Clients

Louisiana College, LA

Seller Financing Available

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Asking Price:$670,000
Gross Revenue:$677,173
Cash Flow:$206,395
BUSINESS DESCRIPTION

With over 40 years of experience, this business completes
work in three states – Arkansas, Mississippi, and 90% in
Louisiana, this business offers vital services, including
inspection and sampling of air monitoring, water & mold
sampling, and air & lead inspections. Along with their
corporate clients, they also serve banks, school districts, and
municipalities. Included in the sale is over $180,000 in
assets, including several trucks, trailers, and XRF analyzer,
and AR, which makes this bank loan over 50% collateralized.
Their location includes an office, 7 total storage facilities, an
equipment shed, and covered parking area (all at the same
location). The reason for the sale is because the owner was
given a cancer diagnosis (now in remission), however, she is
willing to train and transition a new owner for 6 months to 1
year, as well as carry 10% of the list price in a note! The staff
consists of 2 full time employees, a part time bookkeeper,
and subcontractors that are hired as needed. While the seller
does assist with bidding, the employees on staff are trained to
do so as well and can absorb this responsibility with ease.
At a price of $670,000, and a down payment of $67,000, a
buyer would expect to see a return of $106,223 in the first
year after debt payments!


ATTACHED DOCUMENTS
Summary.pdf Download

DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Employees
2
Facilities
Assets Included in Purchase: $181,506
Growth & Expansion
Growth Opportunities: The business is not being pushed in any way in regard to making sales, getting the name out there, etc., allowing for easy avenues for a new owner.
Financing
10% Buyer Down Payment $67,000 10% Seller Financing $67,000 80% Bank Loan $536,000
Support & Training
6 months – 1 year
Reason for Selling
Remission from cancer
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Jared
Olson
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Jared Olson