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Asbestos Abatement Company For Sale

Price: $497,000

Annual Revenue: $1,660,510

Net Cash Flow: $270,911

Industry: Construction

Location: Bucks County, Pennsylvania

The company provides services related to asbestos and mold remediation as well as small project demolition. Established in 1995, the company has developed an excellent reputation with a repeat customer base by providing the safe removal of hazardous material encountered during renovation and demolition projects. This work can only be performed by a licensed contractor with experience and licensed employees.

The company holds asbestos licensing in Philadelphia, Pennsylvania, New Jersey and has a union workforce which allows the company to bid on select projects that others may not be qualified to perform. The company is one of few pre-qualified contractors for some of the area’s most sought-after clients.

Typical Customers: The company serves the area’s major hospitals, schools, universities and works with construction companies.

Owners Role: The owner provides estimates and project management spending (40-45) hours per week in the business. The owner is willing to train for a negotiated time frame.

Employee Summary: (1) Office Manager; (3) Supervisor Foremen; (1) Assistant Estimator: (10-12) Laborers.

Listing Details

EBITDA: $199,051

FFE: $50,000 (Included in Price)

Inventory: $40,000 (Included in Price)

Training & Support:

The owner will train based - the timeline is negotiable

Location

Monthly Rent: 3100

Facilities Information:

5,000 sq. ft. facility is rented month-to-month.

Summary

Competition:

Presently, there are 5 known union abatement firms in Philadelphia, making the overall direct competitor pool small for projects requiring union labor/prevailing wage. The company has superior customer service, and the company has a core list of clients they work with exclusively. The company does not advertise.

Potential Growth:

*Expand into new markets such as residential and restoration,
*Establish an online presence (website and digital marketing)

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