2-Person Garbage Removal Biz with $342K Revenue 🔥

Under the Radar Weekly Deals

The #1 Boring Biz Newsletter

👋 Hey folks,

Welcome to issue #2 of Under the Radar!

This week’s issue features:

  • 🧺 Dry cleaner with $500K+ annual revenue

  • 🌊 Disaster restoration business selling at <1.0x cash flow

  • 🗑️ 2-person garbage removal biz with $342K revenue

Let’s get into it.

Hot Deals 🔥

Analyses of the top deals we found across various marketplaces.

#1. Dry cleaner with $500K+ annual revenue

🏷️ Asking Price: $700,000

📍 Location: Philadelphia, PA

Overview: This Philadelphia-based dry cleaning plant boasts a prestigious history spanning over 75 years, marking it as a premier and profitable establishment in the area. Occupying a substantial space of 4,000 square feet on the ground level, complemented by an equally sized basement dedicated to equipment, supplies, and storage, this business stands as a testament to its enduring success and operational efficiency. It operates under the management of two owners but offers flexibility for a potential buyer interested in a more hands-off ownership model.

Key Highlights

  • $500K+ annual revenue

  • $255K annual cash flow

  • Low rent ($4K/month)

  • 75-year operating history

  • Profitable for over 30 years

  • POS system with >3,000 customers

  • Owners (one leaving, one staying) will help with the transition

Growth Avenues 🚀

  • Strong brand name could enable additional locations to be opened throughout the city

  • The company has existing enterprise clients that could be expanded under certain loyalty and reward programs

Potential Risks 🚩

  • The company has “exclusive high-level clients” representing ~2/3 of its profits. How sticky are these clients? Are they expected to stay if ownership changes?

Questions❓

  • Why is one of the owners leaving?

  • How involved is the owner that wants to stay?

#2. Disaster restoration business selling at <1.0x cash flow

🏷️ Asking Price: $249,000

📍 Location: Orlando, Florida

Overview: This Orlando-area disaster restoration business presents a lucrative opportunity to step into a well-established, reputable, and essential service industry. Since its inception in 1996, the business has cultivated a strong presence in the restoration market by offering a broad spectrum of services tailored to crisis management, including water and fire mitigation, mold remediation, reconstruction, contents restoration, and asbestos removal.

Key Highlights

  • $1.03M annual revenue

  • $270K annual cash flow

  • Existing B2B and B2C referral partnerships

  • 4 FTEs

  • Owners will provide full training and support

  • 3rd party financing available for qualified buyers

Growth Avenues 🚀

  • Opportunity to expand partnerships and headcount in and around the region (high demand)

Questions❓

  • Are the 4 FTEs expected to stay post-sale?

  • Why are the current owners selling?

  • How seasonal is the business?

#3. 2-person garbage removal biz with $342K revenue

🏷️ Asking Price: $1,599,000

📍 Location: South Dakota

Overview: This family-owned collision repair business, established in 1952 and spanning three generations, began as the first auto body shop in its town. Renowned for its wide range of collision repair services, it has become Brooklyn’s preferred choice for vehicle restoration to pre-accident condition. In the late 1990s, the business expanded to include a dedicated wing for bodywork, offering customized paint jobs and enhancing its service offerings.

Key Highlights

  • $342K annual revenue

  • ~$110K annual cash flow

  • Real estate ($699,000) included

  • 1 FTE

Growth Avenues 🚀

  • The company claims more contracts and opportunities are available locally

Potential Risks 🚩

  • The 1 FTE (who appears to mainly run the biz) could leave post-sale

Questions❓

  • What existing contracts does the biz hold? When do they expire?

  • Does the new owner need to relocate to South Dakota or can it be managed remotely?

Radar Picks 📡

Bit-sized reads featuring insights and fresh perspectives

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DISCLAIMER: This newsletter is for informational purposes only and should not be considered financial advice. It offers analyses of businesses without endorsing any specific financial actions. Readers are advised to do their own research and consult a professional before making investment decisions.