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Business For Sale
DIRECTIONAL DRILLING COMPANY AND BORING COMPANY
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Asking Price: |
Not Available |
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Business for Sale Industry: |
Services: Construction, Contractors
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Year Established:
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1999 |
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# of Employees:
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13 |
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Yearly Revenues:
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$4,300,000 |
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Yearly Cash Flow:
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$1,800,000 |
Business for Sale Overview:
The Company provides trenchless construction services to customers with underground utility installation and repair needs, such as pipeline, water, electric and telephone utilities and optical cable companies, utilizing horizontal directional drilling (“HDD”) and boring applications. The most common ways of installing underground utilities and pipeline is the “open trench” method, However such installation methods usually encounter sections in which the open trench method cannot be used, such as when crossing railroads and highways or when tunneling under rivers, canals, lakes and environmentally sensitive locations as well in many high density and other locations in which the landowner does not want an open trench cut through his property. Projections are bullish for 2008 as well with a projected increase in revenues to $4.5 million with an EBITDA of approximately $1.8 million. Asking price at a multiple of less than 4X EBITDA. This is neither an offer to sell nor a solicitation to sell securities.
Market Competition and Expansion:
One of the largest, well-respected underground boring construction companies in its market. Legislative changes affecting pipeline construction and maintenance coupled with increasing consumer demand for natural gas creates long-term prospects for strong, continued growth. Consistent and loyal customer base generating a high level of repeat business. Ideally located in a strong economic region of the U.S. that enjoys a healthy market with an excellent long-term growth outlook.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This is not a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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