Total of 18659 firms and businesses for sale today Monday 13th May 2024
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Sold. Occupational Health And Safety Business For Sale

LISTING DETAILS
Firms For Sale ID:
29932
Vendor reference:
3415
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
Undisclosed  
Turnover / revenue:
$4,200,000
Net profit / cashflow:
$827,000
Years established:
10
Number of employees:
30
Business website:

OTHER DETAILS
Reason for selling:
Improve the Company’s capital structure, thereby increasing its potential for accelerated growth and expansion.
Support and training:
The owner is willing to remain with the Company, under to be agreed upon terms, to assist in managing growth.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
This occupational health and safety business for sale is a well-respected provider of workplace safety services including emergency medical services, workplace safety training, drug and alcohol testing and other related services, primarily to the oil and gas industry. Headquartered in Alberta, this occupational health and safety business for sale counts a number of Canada’s largest oil and gas producers as long-term clients for emergency medical services and workplace safety training courses that are nearly all required by national safety regulations.
Multiple recently launched occupational health and safety service lines resulted in more than 100 percent growth since fiscal 2010. All new workplace safety services are natural cross-marketing opportunities to a loyal client base. With a historical concentration in only one target market (oil & gas), there is tremendous opportunity for expansion into multiple other industries that require one or more of the Company’s occupational health, workplace safety and emergency medical services.

Expansion Potential
A compilation of the following market conditions create a unique opportunity for tremendous growth:
• A large and expanding Canadian oil and gas industry
• Challenging climate and topography conditions
• An aggressive safety regulatory environment that has spurred a trend in outsourcing workplace health and safety services
• Government incentive programs for occupational health and safety
• An aging population with growing medical needs is increasingly looking for home health care, and related equipment and supplies
Health and Safety Outsourcing: While many companies attempt to provide highly regulated health and safety services internally, there are a number of reasons why an employer would want to outsource occupational health and safety programs:

• Government legislation and incentives, as well as increased enforcement and complexity, are causing companies to seek external expertise to ensure compliance and protection
• Public expectations that corporations must do whatever they can to protect workers, assets and the community
• Larger companies are increasingly demanding that suppliers meet minimum health and safety standards
• Protecting workers is becoming an economic imperative because of productivity costs

Although management continues to implement its documented growth plan, despite capital constraints; given the breadth of in-demand occupational health and safety services that the Company currently offers, it is clear that the today’s improving market conditions present a compelling opportunity for investment.