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The Company is a premier specialty trade contractor specializing in manufacturing, installing, and maintaining concrete septic systems for residential, commercial, and municipal properties. The Company also provides septic system pump-out services, portable toilet rentals, trash trailers, and maintenance of fresh water systems. The Company operates from three facilities totaling 10,850 square feet, which is owned with an option to lease or purchase. Approximately 50% of the Company's customer base includes oil and gas companies working in and around west Texas. The remainder of customers are comprised of commercial projects (25%), residential projects (20%), municipal (5%). The percentage of revenue generated by service includes: vacuum truck (41%), septic system installation (20%), portable toilet rental (10%) trash trailer (5%). In 2016 the Company generated revenue of $2.2 million with an Adjusted EBITDA of $134,893. While equipment and inventory are included, A/R and A/P to be negotiated at time of sale.
Consistent topline revenue above $2.2 million - Strong track record of profitability - Market leader in Permian Basin - Provider to residential, commercial, municipal and oil and gas projects - Long-term customer relationships - Average capital expenditures of just $7k annually - 13 nonunion employees, with an average length of service of 7.1 years - Strong market: The portable toilet rental and septic tank installation and cleaning industry generates $5 billion annually.
The first building, used for office space, is 2,850 square feet. The second building, used for building septic tanks is 3,500 square feet. The third structure is the truck port and service bay, and it measures 4,500 square feet.
While the owners are approaching retirement, the rest of the staff will most likely be willing to stay on after the sale.
Owner financing is negotiable for the right buyer
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