Mobile Waste Compaction Biz w/ 88% Growth ♻️

Under the Radar Weekly Deals

The #1 Boring Biz Newsletter

👋 Hey folks,

Welcome to issue #15 of Under the Radar!

Let’s get right into it.

This week’s issue features:

  • 🪠 Full-service plumbing co. w/ $2.5M annual revenue

  • ♻️ Mobile waste compaction biz w/ 88% growth

  • 🛑 Road & pavement marking co. w/ $375K annual SDE

Hot Deals 🔥

Analyses of the best deals we found across top marketplaces and brokerages.

#1. Full-service plumbing co. w/ $2.5M annual revenue

🏷️ Asking Price: $1,830,000

📍 Location: Florida

Overview: This full-service plumbing company has been a community staple for over a decade, known for its outstanding reputation and comprehensive plumbing solutions. It offers a wide range of residential and commercial services, including maintenance, emergency repairs, and new installations. The business enjoys a loyal client base of long-term and new customers, supported by a team of skilled, certified plumbers. Its strong local presence is backed by positive customer reviews and referrals, ensuring continued demand and growth potential in the market.

Key Highlights

  • ~$2.52M annual revenue

  • ~$646K annual cash flow

  • ~$100K contracted project pipeline

  • +50% revenue from 5 commercial customers

Growth Avenues 🚀

  • Invest in digital marketing strategies, including SEO, PPC advertising, and social media campaigns to increase visibility and attract new clients

  • Target and secure more large-scale commercial contracts for steady, long-term income

Potential Risks 🚩

  • Reliance on a few major clients or contracts could pose a risk if these clients decide to switch service providers

Questions❓

  • What is the current condition and age of the plumbing equipment and service vehicles?

  • How many FTEs does the business have and what are their roles?

  • Are there any opportunities for cost savings or operational efficiencies that could improve profitability?

#2. Mobile waste compaction biz w/ 88% growth

🏷️ Asking Price: $2,900,000

📍 Location: Las Vegas, NV

Overview: This fast-growing mobile waste compaction franchise excels at reducing waste volume for businesses using cutting-edge technology. The company has built a robust local presence and is known for its reliable and efficient service, catering to a diverse range of commercial clients. The current owner and their spouse manage the business part-time, but their roles can be easily replaced by one full-time owner/operator. The business operations are efficient and easy to manage, with a full-time salesperson, dedicated operations support, and a team of well-trained operators/drivers executing the service. Fleet maintenance is outsourced to a third party, ensuring smooth and reliable operations

Key Highlights

  • ~$1.79M annual revenue

  • ~$608K annual SDE

  • 87% recurring revenue

  • 88% CAGR (2021-2023)

  • 8 FTEs (sales, operations, drivers)

  • 6,000 sqft facility (rented)

  • Fleet of 4 trucks included

Growth Avenues 🚀

  • Leverage franchise resources to explore multi-unit ownership or regional expansion opportunities

  • Increase marketing efforts through digital advertising, social media, and direct sales to attract new clients and contracts

Potential Risks 🚩

  • Growing competition in the waste management industry could pressure pricing and profit margins

Questions❓

  • How diversified is the client base, and what percentage of revenue comes from the top clients?

  • What are the terms and obligations associated with the franchise?

  • What are the potential growth opportunities within the franchise network itself?

#3. Road & pavement marking co. w/ $375K annual SDE

🏷️ Asking Price: $1,125,000

📍 Location: Augusta, Maine 

Overview: This well-established road/pavement marking and painting company specializes in applying stripes and markings on various surfaces except major interstate highways. The business serves a wide range of clients, including municipalities, airports, commercial properties, and shopping centers. Known for its high-quality work and reliability, the company has built a solid reputation and a loyal client base. The owner is retiring, making this an excellent opportunity for a new operator to take over and expand the business.

Key Highlights

  • ~$1.1M annual revenue

  • ~$375K annual SDE

  • $519,000 FF&E (not included)

  • $95K inventory (not included)

  • 2 FT, 1PT, 5 seasonal employees

  • $3,650 rent + utilities

Growth Avenues 🚀

  • Introduce new services such as highway markings, parking lot maintenance, and traffic signage to attract a broader client base

  • Form strategic partnerships with construction companies and property developers to secure ongoing projects

Potential Risks 🚩

  • High competition in the road and pavement marking industry could pressure pricing and profit margins

  • Dependence on skilled labor and key personnel could pose risks if there are disruptions or staff turnover

Questions❓

  • What is the condition and age of the existing equipment and vehicles?

  • Are there any existing contracts or projects in the pipeline that will transfer to the new owner?

  • What are the potential barriers to entry for new competitors in this market?

Radar Picks 📡

Bit-sized reads featuring insights and fresh perspectives

Tweet of the Week 🐦

This week’s featured tweet comes from The Boring Marketer. It underscores the importance of SEO for any business, especially for SMBs. Check it out and learn how to boost your SEO to drive 1000’s of visitors to your biz👇

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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.