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Enviro Services of Drilling Waste: 100% Absentee Owner

Disposal of waste & oil field clean-up with 20+ on staff!

CASH FLOW
$979,115

Specifications

  • Price
    $4,950,000

  • Revenue
    $6,335,868

  • Cash Flow
    $979,115

  • Location
    Alberta, Canada

  • Service Area
    Alberta Region

  • Intangible Assets
    Solid reputation in the region, recurring client base

  • Profit Margin
    25%

  • Employees
    24-31: 2 owners, 1 regional manager, 1 dispatcher, 1 safety officer, 1 mechanic, 2 junior mechanics, 1 shop hand/assistant + 15-22 operators/assistants

  • Equipment
    $3,143,500

 

 

This company currently has 250 clients, of which 50+ of those are recurring with the typical client being a municipality or utility company. This company handles all aspects of the industrial clean up services and disposal & hauling of drilling waste for oil field productions. Their equipment & vehicles have a value of over $2.6MM and consists of combo vacs, tank trucks, straight vacs, water trucks, mobile steamers, and maintenance units. This variety of equipment also gives them the ability to perform a mixture of maintenance, water delivery, vegetation control, water truck services, & mobile steaming. The Leadership Team is in place & consists of twenty-three employees. There are 5 in Administration (Vice President of Operation, General Manager of Fleet & Dispatch, Billing Manager, Safety Officer, and Dispatch); 13 Operators, and 5 in the Shop. The uniquely qualified team allows the owner to be able to live remote, more than 2 hours away, and only does light oversight of the business. Financing should be a breeze as this company is boasting a 20% Profit Margin and is 100% collateralized, plus there is roughly $375K of working capital that is included in the purchase price as well.

At the purchase price of $4,950,000 CAD, with a 20% investment from the Buyer, the Seller will show a vested interest in the business’s success by holding a note for 10% and rolling equity of 10% allowing the bank to be at a 60% loan, making the business over 100% collateralized. The business has a focus in Alberta with clients across Canada. The company’s leased space consists of an 11-acre industrial fully fenced yard site, a 750 sq. ft. office with 4 maintenance bays, and a 5-bedroom crew house.

 

Purchase Price:

$4,950,000

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Bank Loan Needed: $

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Funding Details

Business:

Offer Price: $

% Buyer Cash Down at Closing: $

% Seller Carry Back via Promissory Note: $

year term at a rate of %

% of Purchase Price secured by Buyer and Seller

Total Bank Loan Need: $

% of Purchase Price

Desired Loan Type:

Desired Bank Terms: year term at a rate of %

Total Business Assets, Inventory, and A/R: $

Total Undercollateralized Loan: $

Loan Payments

Monthly Payment to Bank: $
Yearly Payment to Bank: $
Monthly Payment to Seller: $
Yearly Payment to Seller: $
Total Monthly Debt Service: $
Total Yearly Debt Service: $

Conclusions

Fixed Charge Coverage Ratio

The bank will require a minimum ratio of 1.5 to be lendable.

Cash Flow:
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Annual Debt Service: $
RATIO:

Buyer's Net Operating Income (NOI)

The amount of money the Buyer will retain as profit.

Cash Flow:
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Annual Debt Service: -$
NOI:

Buyer's Return on Investment (ROI)

The rate of return on the Buyer's down payment.

Down Payment: $
NOI:
ROI: %

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210 N 78th St. 2nd Floor
Omaha, NE 68114

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The Firm makes no warranties or representation in consideration to the information provided above. All communication regarding this business must occur directly with The Firm Advisors, LLC. The Firm is not a real estate brokerage and does not sell real estate. The Firm solely advises on exit strategy.