Michigan Residential And Commercial Solid Waste Hauler For Sale

Business description

The owners of this attractive 10 year old Midwestern based garbage hauling business have decided that it has become too big and successful to continue with absentee ownership. Other unrelated businesses preclude the owners from making the 100 mile plus relocation. As a result, the business is being offered for sale.

This well respected hauler has a broad, loyal customer base comprised of homeowners, businesses and associations, which will provide for years of steady revenues. In fact, the business has recorded consistent year-over-year sales growth for each of the last 5 years, including 2011. This is impressive given both the challenges of today’s economy and the lack of any formal sales/marketing activity. The company relies on referrals from satisfied customers for its steady growth.

The business is comprised of 90% residential and 10% commercial; however, the commercial side has shown some solid growth potential with the improving economic climate. Sensing increased opportunity, the company has recently invested in additional equipment to serve an expansion of its commercial business.

Included in the contemplated asset sale is a very well maintained specialized truck fleet, thousands of curbside carts and commercial dumpsters with a total value in place approaching $1.0 million. All of the equipment is housed on its own commercially zoned parcel with a 2000 sf building repair/office facility. The real estate is available with a favorable lease, or it may be purchased in a separate transaction

A strong, conscientious in-place management team oversees on a daily basis the business which has gross revenues of $1.65 million, and impressive, normalized EBITDA of $360,000. The business is being offered for $2.25 million which reflects an enterprise value of approximately $1.4 million which is less than 4.0x EBITDA. For qualified buyers, a meaningful seller note could be available. For more, please contact Glen Toadvine below.

Other information

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Negotiable

Furniture / Fixtures value:

$600,000