📢 Deal Alert - A law firm with $2m in EBITDA & 4 more

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-Harry & Carter

Table of Contents

• Law Firm

• Cannabis Testing Lab

• Landscape Management Company

• Metal Anodizing & Plating Service

• HVAC Repair & Installation Services

1. Law Firm

• Location: Orlando, Florida

• Asking Price: $5,900,000

• EBITDA: $2,067,276

• Multiple: 2.85x

• Revenue: $6,045,643

• EBITDA Margin: 34% 

• Employees: 26

• List Date: 6/30/24 

• Reason for selling: Unknown 

💬 Harry & Carter’s thoughts:

This Florida law firm, priced at $5.9 million, operates in Orlando, Jacksonville, Tampa, and Miami, with over 10 satellite locations statewide. The firm employs over 17 attorneys, supported by paralegals and a comprehensive staff for sales, marketing, and administration. A new owner would not need to take on a caseload but instead manage the firm's strategic direction. With a strong work culture and established presence, it is ideal for a law firm looking to expand its footprint in Florida. The seller offers support for a smooth transition and is open to financing options.

• 10 satellite locations

• Strong work culture

• Seller financing available

• Established for 10 years

❓️What is the owner’s main role?
❓️How diversified is the client base?
❓️What is the breakdown of revenue by practice area?

Inquire:

Link to listing here

Broker: Crowne Atlantic Properties

Contact: N/A

2. Cannabis Testing Lab

• Location: Montana

• Asking Price: $3,800,000

• EBITDA: $1,061,925

• Multiple: 3.58x

• Revenue: $1,559,000

• EBITDA Margin: 68% 

• Employees: 4

• List Date: 7/2/24 

• Reason for selling: Seller are moving out of state

💬 Harry & Carter’s thoughts:

Unique opportunity to acquire a profitable cannabis testing business in Montana, established in 2022. This centrally located lab is one of only three licensed labs in the state, providing essential testing services. The team includes a science director who will assist with the transition. Montana's strict licensing and equipment requirements make this a rare find. Sales are projected to increase by 40% due to new regulations, and the facility is already equipped to handle higher testing volumes.

• Fully licensed, insured & bonded

• High profit margins (68%)

• 600K FF&E included in asking price

• Financing: $3,420,000 down/$380K over 120 mos. @ 7%

❓️Will other testing labs soon be coming into the market?
❓️Do politics present any threats to the viability of this business?
❓️If sales are about to increase by 40%, why are you selling now?

Inquire:

Link to listing here

Broker: Murphy Business Sales

Contact: NA

3. Landscape Management Company

• Location: Lake Worth, FL

• Asking Price: $7,500,000

• EBITDA: $1,810,000

• Multiple: 4.41x

• Revenue: $5,221,208

• EBITDA Margin: 35%

• Employees: 75

• List Date: 7/2/24 

• Reason for selling: Seller pursuing new career

💬 Harry & Carter’s thoughts: 

Established in 2012, this commercial landscape management company in Palm Beach County maintains prestigious upscale HOA accounts, generating nearly $247,000 monthly from repeat maintenance services. This recurring revenue makes up over 45% of their 2023 revenue, with additional income from landscape improvements, tree trimming, and irrigation. The owner, semi-absentee, plans a six-month transition post-sale but seeks no equity or continued employment.

• Long-term HOA accounts (45% of overall revenue)

• Semi-absentee owner & strong management staff

• FF&E: 1,044,800 (included in asking price)

❓️Who are the biggest competitors?
❓️Will licenses/certifications transfer to a new owner?
❓️What is the owners main role?

Inquire:

Link to listing here

Broker: Moe Gonzalez

Contact: N/A

4. Metal Anodizing & Plating Service

• Location: Los Angeles County, CA

• Asking Price: $4,900,000

• EBITDA: $1,309,829

• Multiple: 3.7x

• Revenue: $4,521,946

• EBITDA Margin: 29%

• Employees: 32

• List Date: 6/27/24

• Reason for selling: Other opportunities

💬 Harry & Carter’s thoughts: 

Established over nine years ago, this Southern California anodizing, plating, and metal finishing company serves aerospace, military, medical, and commercial sectors. Known for high-quality chemical processing and coatings, the business has improved operational efficiencies and profit margins through recent consolidation and investments. The seller is open to leasing or selling the property, is open to seller financing and will assist in the transition.

• Seller financing available

• Commercial clients

• Healthy EBITDA margin (29%)

• Diverse range of clients

❓️Are there any environmental regulations that impact the business?
❓️What is the customer concentration?
❓️What did the recent consolidation consist of?

Inquire:

Link to listing here

Broker: Sunbelt of Riverside County

Contact: NA

5. HVAC Repair & Installation Services

• Location: Harris County, TX

• Asking Price: $3,600,000

• EBITDA: $860,000

• Multiple: 4.2x

• Revenue: $2,070,000

• EBITDA Margin: 42%

• Employees: 6

• List Date: 6/27/24 

• Reason for selling: Other opportunities

💬 Harry & Carter’s thoughts: 

This HVAC operation offers comprehensive repair, maintenance, and installation services for residential and commercial heating and cooling systems. Since 2020, the business has shown strong annual growth, with revenue climbing from $772K to $2.1 million by 2023. Recently, an operations manager was brought on board to support expanding operations. Priced at $3.6 million, the opportunity includes potential seller financing of up to $600,000 for qualified buyers.

• 586 customers serviced in the past three years

• Established reputation (founded in 2013)

• High call volume with no advertising

❓️What is the customer concentration?
❓️What is the competitive landscape look like?
❓️Is the entire list of FF&E necessary to run the business effectively?

Inquire:

Link to listing here

Broker: Transworld of South & West Texas

Contact: N/A

Thanks for reading and don’t hesitate to reach out! - Harry & Carter

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