Underground Utility Contractor, Very Profitable
Location:
United States
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North Carolina
Industry: Business Services > Construction
Business Summary
The Company is a utility contractor specializing in underground directional drilling. The Company holds an Unlimited License, classification Public Utilities for all utilities, including electric, phone, water, sewer, and cable system work. Customers include a number of large gov't contractors, local and state municipalities.
The Unlimited License allows the company to bid on any type of utility project regardless of type of utility or size of the project. This greatly expands, the market opportunities for the company. As such, the company may work on a project to upgrade a municipality's sewer lines, install cable/fiber in a neighborhood, or lay gas lines for a public utility.
The Company is a strong financial performer with revenues growing 29% a year since the end of 2004. In 2007, the company produced over $750,000 in Seller's Discretionary Earnings (SDE) on $2,437,000 in sales.
A significant component of the company's value is in its sterling reputation within the industry. The company is an acknowledged expert in the field, one of the few fully licensed for all utility work, offering the highest quality work available. A strong, extremely experienced team is in place. Front-line crewmembers average 11 years experience. The company is the first call for prime contractors with repeat business accounting for over 80% of all work. Referrals account for the rest; the company does no marketing and has to turn down business. Contact for more information on this Underground Utility Contractor business for sale.
Financials
Asking Price Range: $2.5M - $5.0M
Gross Revenues:
$2,437,000
Cash Flow:
$753,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Not Disclosed
About The Business
Year Established: 2000
Number of Employees: 20 - 34
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Seller will stay as consultant if requested.
Reason For Selling: Onwer wishes to spend more time with family.
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Click on the "I'm Interested" button above for more information on this Business Services > Construction business for sale.
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Print Listing Id: 70083988
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