Long-Standing Water Treatment Business

Morris County, NJ
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Sale Pending
Asking Price:$700,000
Gross Revenue:$834,832
FF&E:$315,000
Cash Flow:$283,561
Rent:$3,900/Month
Established Year:1947
BUSINESS DESCRIPTION

This company has been engaged in water treatment for over 60 years.

The traditional core business is providing complete water treatment programs for facilities that use water for heating or cooling purposes. Specifically the firm provides water treatment programs for facilities that have steam boilers, hot water boilers, evaporative cooling systems, heating hot water heating systems and chilled water systems. The firm is positioned as a value provider in the industry- quality services at a fair price.

Customers are typically office buildings, schools, government buildings, medium size manufacturing facilities, medium size data centers and medium size medical facilities. No one customer makes up more than 10% of revenue.

The business also sells/services water treatment equipment in addition to providing a variety of water testing services for clients.

This business is an excellent addition to firms that provide HVAC mechanical services, given they will be dealing with the same client personnel that handles the water treatment.

Working Capital Requirement of $100K; No Supplier Concentration Risk

The owner generally works 3 days a week, handling sales/business development along with administrative tasks.


DETAILED INFORMATION
Location
Morris County, NJ
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
5,000
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Property is Owned by the Seller, $3900 Base/Month NNN Lease
Support & Training
Seller is open to a transition period of up to 6 months.
Reason for Selling
Retirement
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Ken Freedman
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Ken Freedman