Headline:

Well established regional pest control company with significant expansion opportunities.

Business Location:

Plattsburgh, Clinton County, New York

Business Description:

• Since 2002 this company has provided pest control services to commercial, industrial and residential properties in a three-county area, including the regional medical center and its auxiliary properties.
• 446 active 2020 customers; Top 20 customers account for 40% of sales.
• We use innovative techniques and primarily green products
• We partner with a local wildlife control company and other subs as necessary to meet our customer's needs
• This business successfully navigated 2020 and all its COVID-19 closings and cessation of service, with just a slight dip in sales.  

Key Financials:

Asking Price:  $280,000

Revenue:  $257,000

Cash Flow:  $96,000

Furniture, Fixtures & Equipment:  4 trucks with covered beds, 4 backpack sprayers, 1 thermal 500,000 BTU propane heater w/2 fans for bedbugs, POL I heater, 50 gal. tank sprayer,  Ricoh printer-model SP34-10SF (11129), corner desk with chair and horizontal file cabinet.  Total value $49,425 (included in asking price)

Inventory:  Inventory is kept small, controlled and fresh.  Value as of 12/31/2020 was $2258. (Included in asking price)

Employee Information:

• 3FT, 2 PT, including owners.  All 4 technicians are licensed.
• RPM partners with our employees.   We use innovative, mutually-beneficial payroll and time off strategies to ensure we are able to provide exceptional service to our customers AND flexibility and pay stability to our employees.  
• Our employees are loyal, with histories ranging from 3-16 years.

Facilities:

• No facilities are included.  This is a highly portable business.  All that is required is a small office space with a computer/file cabinet and a secure storage site for product and file storage.  
• If zoned properly, this business could be operated from home, reducing expenses (currently $6000 per year) and improving cash flow.

Competition:

• A couple of both national and small local companies do some limited business in the area.  However, RPM has by far the bulk of the customers.  
• Marketing requirements are minimal.

Growth & Expansion Opportunities:

• The addition of one more service technician could open up huge potential in the Lake Placid/Saranac Lake area.  Owners are just tired.  
• The proliferation of bedbug infestations has had a significant positive impact on sales in recent years and the likelihood of encroachment into the area by termites, heretofore absent because of climate, opens up significant future business opportunity.
• Adding an on-line presence may attract more younger customers.

Post-sale Support:

• Consultation on record keeping, Quickbooks and government reporting for one year.
• Teaching and management guidance to be negotiated.

Area Information:

• This is a small, safe, largely rural area that does not experience heavy traffic or long commutes.
• Plattsburgh, the county seat, is situated directly on beautiful Lake Champlain and just north of the majestic Adirondack Mountains.  There is ample outdoor recreation available in all seasons – fishing, skiing, boating, hiking, hunting, snowmobiling and swimming on its beautiful public beach.
• Medical services are provided by its outstanding state-of-the-art regional medical center which is affiliated with University of VT Medical Center in Burlington.
• Lake Placid, Montreal and Burlington, Vermont can all be reached for recreation or shopping within a one hour drive.
• All area schools are considered above average to excellent and higher education opportunities are available through Clinton Community College and State University of NY-Plattsburgh.

Contact Information:  

Christine Rotella.  518-593-2840. Please leave a message and your call will be returned.