Established Waste And Environmental Clean Up Company In Alberta For Sale

This company currently has 250 clients, of which 50+ are
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 $2.6 million and consist 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 remotely, more than 2
hours away, and only does light oversight of the business.
Financing should be a breeze, as this company boasts 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 $4,895,000 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.