Established Septic Services Company Serving New Mexico & CO (4019)
| Asking Price: | $2,200,000 |
| Gross Revenue: | $1,100,000 |
| Cash Flow: | $660,000 |
| Established Year: | 1960 |
Established in 1960 and purchased by the current owner in 2007, the company has built a strong reputation for reliability and quality septic services. The company serves customers in New Mexico & 4 counties in Colorado, and parts of. It has significant growth potential by further expanding its service coverage in New Mexico and is fully equipped to provide a comprehensive range of services around septic tank plumbing, inspections, and installations. In 2024, the team onboarded a new employee and invested in an additional vehicle in order to cater to additional demand.
Investment Highlights
Sales/Earnings
2023: $1.1 Million Revenue; $660K SDE.
Stable revenue growth with a CAGR of 5.7% over the last two years and a YoY growth of 5.9%
Working capital of $100K in summer months, lower in winter months.
Customers
Diverse customer base, with a majority residential clients.
The company also has a variety of commercial pumping contracts with gas companies, restaurants, and hospitals (sand & grease traps).
Team & Assets
The team consists of the owner, his wife who manages calls and bookkeeping, and three additional employees skilled in driving, inspecting, pumping, cleaning, and installing septic systems.
An employee staying with the business holds inspector and installer licenses.
The business's assets include a dump truck, two pump trucks (2007, 2020), two pickup trucks (2007, 2017), an excavator and a trailer.
These assets have a replacement value of $450K and book value of $77.5K as of July 2024.
Growth Opportunities
Geographic expansion into new areas and counties can increase market share and revenue by tapping into new customer bases.
Focusing marketing on securing more commercial pumping contracts can broaden reach and ensure steady revenue through reliable service.
