Spent Blasting Grit Disposal Company
Service businessFrom a home office with one part-time employee, it disposes of spent sandblasting grit and paint chips for paint shops, industrial contractors and water-tower operators in 40+ states.
Ask $3.2M · Profit $1M · 3.2x · SMB Deal Hunter
Oct 27
- Ask
- $3.2M
- Revenue
- $1.33M
- Profit
- $1M
- Margin
- 75%
- Multiple
- 3.2x
- Age
- n/d
- Label
- Worth Studying
- Reason
- Highly profitable and run remotely on over $1M of revenue, but it gives no founding year and leaves its hazardous-waste liability unexplained.
Why it's interesting
- The listing reports $1M of EBITDA on $1.33M of revenue, a 75% margin, with the owner working 5 to 25 hours a week.
- It reached customers in 40+ states without owning heavy equipment or real estate, using its own software and steering material toward reuse.
- Most contractor customers come back after their first job, and it has recently signed longer-term contracts with commercial paint facilities.
What to watch
- Grit and paint chips from lead paint can count as hazardous waste; if the company chooses disposal sites or signs shipping manifests, it could share federal Superfund (CERCLA) cleanup costs if a site is ever polluted, a long-tail liability that could stay with the company after a sale.
- The listing says "Established: N/A" and gives no yearly figures, so neither the operating history nor the trend can be checked.
- A 75% margin on hauling and disposal work with no trucks suggests hauling and landfill costs are outsourced or billed through; the listing does not say how those costs flow.
- Lead-paint removal happens once per structure, and the share of revenue from the new recurring facility contracts is not given.
Who it fits
A buyer with around $3M of capital or bank financing and environmental-compliance experience who can manage hauler and disposal-site relationships part-time.
Ask the seller
- Does the company pick disposal sites or sign hazardous-waste manifests, and what pollution liability insurance does it carry?
- What share of revenue comes from the recurring facility contracts versus one-off contractor jobs?
- What year did the company start, and what were revenue and EBITDA in each of the last three years?
Growth plays
- Convert more commercial paint facilities to the longer-term contracts recently introduced, turning one-off loads into scheduled recurring pickups.
- Get on the approved-vendor lists of municipal water utilities that commission water-tower repainting, so the service is specified in their bid documents.
Oct 28Added to Acumen Wire