15000 - Large Potential in High-Grossing Testing Company!

CA (Relocatable)

Seller Financing Available
15000 - Large Potential in High-Grossing Testing Company!
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Asking Price: N/A

Cash Flow: $1,123,978

Gross Revenue: $5,239,958

EBITDA: $934,183

FF&E: $936,335

Inventory: N/A

Rent: $10,600 per Month

Established: 2005

15000 - Large Potential in High-Grossing Testing Company!

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Business Description

Looking for offers over $5M! Founded in 2005, this inspection company situated in Central California provides testing services for construction material used in all types of projects, from lab work to environmental, geotechnical, and specialty jobs as well. Boasting a potential statewide radius, listing’s primary market is for concrete scanning, which includes examinations for earthwork and structural steel developments, assuring both quality assurance & control (QA/QC). Found in excellent condition, business headquarters is a prime 7,000 square foot facility that features a laboratory and administrative offices, while also maintaining over three satellite sales departments throughout CA. Able to handle extra capacity for expansion without substantial upgrades, the HQ property holds 4,000-sq.ft. of warehouse space as well as a monthly tenancy of $10,600, alongside a skilled team of 22 field union employees and nonunion office workers. While ownership agrees to a smooth three month transition, marketing agents can ensure new business through emails, cold calling, and trade journal ads, as field technicians oversee their streamlined-possible operations. With a growing client base covering the commercial, residential and government industries, company’s top five consumers accounted for 69% of its grosses in 2019, as 30% of sales were from recurring customer referrals. Despite impacts from the pandemic, listing managed consistent profit margins and a three-year EBITDA average of $2,186,290, along with Total 2020 Revenues of $5,239,958 and Seller Discretionary Earnings of $1,123,978.

Detailed Information

Real Estate:
Leased
Building SF:
7,000
Lease Expiration:
N/A
Employees:
22 union & non.
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Maintains over 3 satellite departments throughout CA. Includes FF&E of Computers, Machinery and Vehicles.
Growth & Expansion:
Business can be relocated anywhere in state and a holds a potential Statewide service radius!
Financing:
Financing can be negotiable for the appropriate buyer.
Support & Training:
Smooth owner transition period of 3 months.
Reason for Selling:
Approaching retirement and/or pursuing other interests.
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IAG M&A Advisors Buyer Division

Business Listed By:
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IAG

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