Est. Drain and Cesspool Service and Maintenance - 36854

Financing

$1,100,000 Down and Possible for a well-qualified buyer with industry experience.

Business Description

Since 1978, this company has been servicing parts of Suffolk County in Complete Cesspool & Septic Service for both residential and commercial locations (70% Residential / 30% Commercial). Recession Proof! They do it all, from general maintenance and installation of cesspools, to grease trap and water jet maintenance. All the service work is done in-house. Installation is sub-contracted. 90% Service / 10% New Installations. The company has shown consistency over the past five years with many commercial accounts, including hospitals, movie theaters, restaurants. Conveniently operated from a home office, the current owner is able to manage the business through less than 6 hours of work per week. The sale price includes over $200,000.00 worth of equipment ( a 3,000 gallon Pump Truck, a 4,000 gallon Pump Truck, one work van, one small backhoe, three larger router machines, three medium router machines, three small router machines, one water jetters, plus more hand tools, snakes, etc.). Truly turn - key! Also, the owner is willing to offer thorough training and support for any buyer for at least a few months. In the past year, the business grossed approx. $550,000.00 with a Net Income of approx. $240,000.00. This is a solid business with great upside. The seller admits not really trying to build new accounts. He is just maintaining what he has and enjoying referral business. There is one full time and one part-time employee. We are looking for an energetic buyer who is ready to roll up his/her sleeves and put in some effort to grow the business. There is also an assumable SBA loan for $450K at only 3.5% interest for a well-qualified buyer with a credit score of 700 or better. All buyers must be prepared to show proof of funds for at least $650K and have a CDL license. A plumbing license is preferred. If you meet the qualifications, please call, text or email Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com. All meetings must be scheduled by appointment only!

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.