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Directional Drilling & Utility Trenching
Location: United States -> Nevada
Industry: Business Services > Other Services




Business Summary

This dynamic company has long-term clients with major communication carriers and a contractor in the Phoenix area. They provide underground utility directional drilling and trenching for both dry and wet utilities. Nearly 90% of the current work is from drilling for and installing fiber optic cables. They can also remove existing wiring and complete associated concrete and asphalt restoration projects when able. Customers include major communications carriers as well as correlating primary contractors. Work is typically steady throughout the year and most projects are completed within a 50-mile radius of the office. The current owner is responsible for oversight, bidding, and estimating, but rarely works in the field.

The business operates from a leased quarter-acre property that has plenty of room for the mobile office as well as storing equipment. Eight skilled team members are already in place, including a supervisor, drill operator, drill locater, mini excavator operator, and CDL driver.

Potential for growth can be found in a few areas. First, a new owner could capitalize on current resources that allow the team to take on larger or additional contracts throughout the year. Second, increased focus could be paid to building upon current work for gas utilities as this company receives many inquiries about availability for this specialization. A third area would be to expand the restoration of concrete and asphalt associated with the current drilling contracts. With a reasonable investment, this could be a large area for potential growth.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $1,091,921
Cash Flow:   $448,461
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2013
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  6 months
Reason For Selling:  Focus on family




Print Listing Id: 700333281
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Also See: Franchise Opportunities > Franchise Resales > Nevada Businesses For Sale > Nevada Franchises For Sale > Nevada Business Brokers



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