Enviro Services of Drilling Waste: 100% Absentee Owner

Business Summary:
This company currently has 250 clients, of which 50+ of 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 $2.6MM and consists 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 remote, more than 2 hours away, and only does light oversight of the business. Financing should be a breeze as this company is boasting 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 $4,950,000 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.