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Industrial Pressure Washer Industry

TX

Industrial Pressure Washer Industry
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Asking Price: N/A

Cash Flow: $246,980

Gross Revenue: $2,898,000

EBITDA: $362,000

FF&E: $829,976

Inventory: $300,000

Real Estate: N/A

Established: 1971

Industrial Pressure Washer Industry

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Business Description

48+ Year Old Business/$_______ Ann. Adj. EBITDA - Lease/Real Est

The owners entered the business of supplying and servicing hot water washing equipment in 1971 from a 600 square foot garage. As the business grew and evolved, industrial detergents were added and by 1976 the business was moved into a new 3,000 square foot facility. The business continued to prosper until the severe downturn of the early 1980s. Business contracted severely in most sectors of the local economy and due to the length and depth of the downturn the owners reorganized and moved to the present location in January 1987. The Company is the resulting reorganized company incorporated in January, 1987. The Company’s mission is to provide its customers with superior products along with unmatched efficient and timely service and the expertise to properly apply those products and services. The company can be summarized as follows: 1) distribution of industrial and commercial cleaning equipment, 2) blending and marketing of proprietary industrial detergents and chemicals, 3) supply industrial wash water reclamation equipment to recover and reuse dirty water, 4) rental of pressure washers and other equipment to loyal customer base with 24-hour service and maintenance, 5) design and install complete wash racks and related products, 6) supply department that specializes in procuring products for offshore oil drilling and other related businesses, 7) an extensive parts department with knowledgeable employees to help the customer, 8) an excellent custom fabrication and package team.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
21,000
Employees:
21
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
For the last 31 years, the Company has been able to expand to occupy four buildings with a total of approximately 20,000 sq ft. Three of the buildings are owned by the Owner's real estate company and one is rented from a property management company. The Company offers the sale or rental of several industrial products such as pressure washers, cabinet washers, water reclaim systems, and their proprietary blends of detergent and chemicals.
Competition:
The Company should remain competitive in their market for numerous reasons. First, their name is established and trusted in the industry. Second, they represent several manufacturers of industrial cleaning equipment. The Company is also has the ability to cut costs by blending and marketing their industrial detergents and chemicals on-site. This provides the ability to cut out the retailer and sell directly to their customers.
Growth & Expansion:
There is significant opportunity for growth with the existing infrastructure. The Company has been built with the attitude of continued legacy ownership so the equipment and facilities are set for continued operation and growth. Minimal investment in marketing and advertising also an outside sales representative could improve market share.
Financing:
Some Seller Financing Available
Support & Training:
The current owners willing to remain on staff during the transition period in a training and consulting basis following the sale. It's important for the current staff to remain employed post-closing.
Reason for Selling:
The current owners would like to transition into retirement.
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Business Listed By:
Andrew Rohne

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