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BIZBITE
345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked
Service
36
/100 score
Fair

Non-Destructive Testing (NDT) Service

Find the crack before the shutdown finds you

Non-destructive testing firms inspect welds, pressure vessels, pipelines, tanks, bridges, and industrial components using ultrasound, radiography, magnetic particle, and dye penetrant testing. The surprising angle is how big this quiet inspection world is: GlobeNewswire pegged the broader NDT market above $32 billion by 2031, driven by safety, uptime, and aging infrastructure. Small local firms can build sticky industrial relationships because customers care more about certification, speed, and trust than flashy branding.

Avg Revenue

$1.2M

Profit Margin

22%

Acquisition Multiple

3x - 5.5x

Startup Cost

$75K - $600K

Difficulty

5/5

How It Works

Inspectors are dispatched to customer sites or fabrication shops to test assets without damaging them. Revenue comes from callout fees, hourly technician billing, project minimums, emergency turnaround, and annual inspection contracts. The moat is certification, reputation, and being the firm plant managers trust when downtime is expensive.

Revenue Range

Low End
$300K
Typical
$1.2M
High End
$4.0M

Real Acquisitions in This Category

SBA 7(a) change-of-ownership loans · NAICS 541380 · Testing Laboratories

Deals tracked
39
7 in last 24 mo
Median loan
$523K
$225K–$955K p25/p75
Implied deal size
$615K
median · ~85% LTV
Charge-off rate
not enough resolved loans

Deal Size Distribution

<$150K
4
$150K–500K
13
$500K–1M
12
$1M–2M
4
>$2M
6

Deal Flow Over Time

Deals per year · median loan
$800K
2020
9
$627K
2021
6
$603K
2022
4
$447K
2023
11
$1.6M
2024
4
$830K
2025
5
12-month momentum
-25.0%
deal volume vs prior 12 mo
Median loan Δ
+23.1%
3 recent · 4 prior

Financing Profile

Median rate
9.75%
14% fixed · last 24 mo
Median term
120 mo
standard 10-yr
Collateralized
95%
of loans secured
Median jobs
7
supported per deal
Top lenders in this space
Frost Bank3
First Internet Bank of Indiana3
Kendall Bank3
U.S. Bank, National Association2
Camden National Bank2
Where deals happen
TX6
FL4
IL4
NY3
KS3
PA2
NH2
WA2
CO2
CT2

Recent Comparable Deals

ClosedStateLoanImplied dealJobsFranchise
Sep 2025FL$250K$294K6
Sep 2025FL$3.3M$3.8M6
Sep 2025TX$830K$977K4
Jan 2025VA$945K$1.1M14
Oct 2024NV$114K$134K10ARCpoint Labs
Sep 2024OR$2.8M$3.3M27
Jul 2024TX$403K$474K6Fastest Labs
Mar 2024KS$153K$180K5
Nov 2023MD$3.8M$4.5M9
Sep 2023NY$2.3M$2.7M4
Volume rank #154/534Deal-size rank #362/534Momentum rank #149p90 loan: $2.3MData as of Dec 2025

Source: SBA 7(a) FOIA dataset, filtered to acquisitions (loans where business age is "Change of Ownership"). Implied deal size assumes an 85% loan-to-purchase ratio, a common SBA change-of-ownership structure. Charge-off rate shown only when 10+ loans have resolved (paid in full or charged off). Interest rates reflect last 24 months only. Actual deal values vary with equity injections, seller financing, and working capital terms.

Pros

  • +Industrial customers can be very sticky once approved as a vendor
  • +Emergency shutdown work commands premium pricing
  • +Certifications and procedures create a real moat versus generic service shops
  • +Demand benefits from aging infrastructure and stricter compliance

Cons

  • -Highly technical and certification-heavy business
  • -Liability is serious if inspections are wrong
  • -Talent is scarce and expensive

Best For

Experienced industrial operators who can recruit certified inspectors and sell into plants, fabricators, and utilities

Operating Costs

Main costs are certified technicians, specialized equipment, calibration, insurance, trucks, and quality systems. Margins improve when technicians are highly utilized and emergency work becomes a meaningful share of revenue.

SBA Financing Estimator

Adjust the deal — see if it cash flows after debt service

$-11346/mo
after debt service
Deal price — $3.0M
Range: $3.0M (3×) to $7.8M (5.5×+)
Down payment — 15% ($450K)
SBA minimum equity injection is 10% for change-of-ownership
Interest rate — 9.75%
SBA median for this category: 9.8%
Loan term — 10 years (120 mo)
SBA median for this category: 120 months
Down payment
$450K
15% equity injection
Loan amount
$2.5M
85% SBA-financed
Monthly payment
$33K/mo
$1.5M total interest
Monthly profit
$22K/mo
at 22% margin
Monthly cash flow after debt service
$-11346/mo
Margin does not cover debt service at these terms. Lower the deal price, increase the down payment, or extend the loan term.

Estimates only. Excludes owner compensation, capex, working capital draws, and taxes. Margin assumes average occupancy and volume. Actual SBA terms vary by lender and borrower profile.

Where to Buy

GlobeNewswire – Non-Destructive Testing Market

Market overview covering growth drivers in industrial inspection and uptime

BizBuySell

Engineering, testing, and industrial service businesses for sale

BizQuest

Browse industrial testing, engineering, and inspection companies

36/100Fair

Acquisition Score

Profit margin
15/30
Entry multiple
13/25
Market depth
1/20
Risk (charge-off)
8/15
Deal momentum
0/10

Scores margin (30), entry multiple (25), SBA market depth (20), category risk (15), and deal momentum (10). Higher = better acquisition candidate.

Quick Facts

Category
service
Difficulty
5/5
Buy price
$3.6M$6.6M

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