Annual Revenue: $1,320,000
Net Cash Flow: $464,900
Location: Brooklyn, NY
This Company is a fully licensed and insured family owned and operated waste management and carting business. The Company primarily serves commercial customers in Brooklyn and Queens but can readily address all five boroughs, including Manhattan. The Company maintains strong personal relationships with its customers and has a very strong track record of customer retention. In addition, it has been consistently and steadily adding new customers with virtually no attrition, a testament to the high quality of service provided. This is a highly-profitable, completely absentee-run, turn-key business that is fully licensed and insured with over 300+ recurring accounts and essentially no bad debt.
• Highly-regarded, absentee-run business with long-term customers and reoccurring revenues
• Focused on high-growth regions driven by strong demand
• Relatively small size makes the business nimble and provides a competitive advantage vs. peers
• Low fixed costs produce superior operating margins
• Minimal marketing costs due to significant repeat and referral business
• Technically-proficient, friendly and highly loyal and trustworthy employees
• Industry protected from economic cyclicality with high barriers to entry
• Tremendous upside with virtually unlimited opportunities for growth
The owner is seeking to relocate to Florida and is therefore highly motivated to sell the business. While the business is essentially absentee-run, the owner is willing to assist a new buyer in order to facilitate a smooth transition, if needed.
Growth and Expansion Opportunities
Tremendous opportunities exist to grow business as the Company has the freedom to operate in any market it chooses. Hiring a dedicated sales professional to develop new business would be expected to double business within a very short period of time. Additionally, entering new adjacent territories with high commercial densities, marketing to corporate clients, offering more payment options and developing an online presence would present additional growth opportunities. They have a 5,000 sq. ft. facility.