SteamCo Environmental Services


Price: $595,000

Normalized Cash Flow: $195,000

What they do – the short version . . .

  • Customers contact SteamasbestoesfreeCo about mandated  regulatory inspections, tests or removals.
  • Staff attends the customer site to inspect, take samples and measurements
  • If indicated from the samples, staff will bring the customers premises up to code.
  • Bookkeeper invoices customer and maintains their records.


SteamCo is an Alberta environmental consultancy centred on asbestos testing and removal. They also do mold inspections and removal.


SteamCo works out of a home office and can be relocated just about anywhere in Southern Alberta.

Their policies and procedures follow the Alberta Asbestos Manual for asbestos abatement and the IICRC S520 for mold removal.

They maintain an inventory of sample collection items worth less than $3000 at any given time depending on the size of their current project and its anticipated duration.

Staff consists of about half a dozen employees. Including the owner, there are three key-men.

Everyone in the firm requires Asbestos Abatement Certification.

In addition to the Asbestos Abatement Certification, staff also have Asbestos Worker Certification, WHIMIS, First Aid, Fall Arrest, and Scissor Lift Certification.

There is a trained First Aid Attendant on staff.

Staff turnover is low. They have had two staffers leave over the past three years.

Their busy period is usually through spring and well into fall. January is slow.

SteamCo’s equipment consists of a truck and trailer. The truck is well maintained and the trailer is brand new. Their Negative Air Machines, used for the past 2-3 years, are all in good working order.

They do all their own maintenance except for when certified technicians are required. There is some warranty time left on some equipment and all is in good working order.

The seller believes business could expand without the need for new equipment.

Their books are kept by a professional bookkeeper coming once a month.

WCB is current and up to date each month. There has been only 1 claim in 4 years

Customer Base

SteamCo’s customers receive the firms  services at their own premises.

The seller estimate customers are sourced 40% from their excellent web site, 40% repeat and 20% are referrals.

SteamCo has a presence on Facebook, Twitter, Linked-In, Google+ and enjoys an A+ rating with the BBB.

There is little customer concentration. Only 10 percent or so of their revenue comes from their top 5 customers.

Further Information

Three years of financial statements and a complete equipment list is available for qualified buyers.

Management Discussion

Q. Why you are selling?

A. Relocating

Q. In your words, what does the firm do?

A. We help people proceed with their renovation or building projects by removing dangerous substances making the place or project safe for tenants and workers

Q. What functions does the owner perform? What talents will the new owner have to replace when you leave?

A. The owner will need to estimate, sell, invoice and collect, market and manage a PM or the project itself, the talent of sales is the most important, organization skills and management skills

Q. How long will you stay after the sale to help in the transition?

A. I can stay for up to 3 months

Q. Can you estimate what it would cost for a competitor to start up?

A. A start up cost from scratch would be approximately $100,000 plus the operating costs to build up to our level of revenues.

Q. Have the accounts receivable been purged of bad debts? (This will is really a lawyer question).

A. There are no bad debts.

Q. Will you agree to a non-competition clause?

A. Yes


Interested? Next steps:

1. Fax / scan the non-disclosure document 
2. Phone discussion
3. Release of financial information
4. Meeting with seller and tour of premises
5. Discussions that may lead to a deal


The information above was provided from sources believed to be reliable. You must seek independent verification of these facts through due diligence before taking any action based on this information.

David Page | An Alberta Business Broker