This professional underground construction company provides comprehensive construction and installation of underground electrical conduit systems, trenching, phone lines, gas sleeves, water lines, sewers, storm drains, fire lines and plumbing. With construction and installation services, maintenance agreements are offered to maintain clients’ existing systems.
Historically reaching $7M, the owner has opted to keep the business between $3MM-4MM out of personal preference and has a business plan available for an ambitious acquirer. With more requests from local and regional building contractors than the current workforce can handle, main expansion opportunities include increasing staff size, developing websites and expanding service areas.
The customer base includes a diverse mix of both residential and commercial customers and contractors. In addition to construction work, the company has a large opportunity for low-voltage communication and internet line construction. The prime location includes a substantial shop and warehouse space and the sellers prefer to continue leasing it to the business; purchase may be negotiable for the right price. The owners currently perform invoicing, estimating, and maintain licensing requirements and are available for a reasonable transitioning period.
Currently, over 90% of the work performed by the company is performed by the in house team of professionals, which allows for the company to control quality and costs, increase profits, and improve efficiency.
FINANCIALS
- Revenue 2019 : $3.6M
- SDE: $409K
- FF&E : $1.2M (included in the asking price)
- Asking Price : $2.5M
- No. of Employees: 33
Note: TechnologyPark.com (parent company of CorporationForSale.com) is marketing this opportunity in a co-broking partnership with the listing broker.
