Directional Boring & Trenchless Piping Contractor
Relocatable, NC Not Disclosed
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- RE: Directional Boring & Trenchless Piping Contractor
- Contact: Tom Morse
Quick Facts
| Asking Price: | $4,800,000 | |
| Annual Revenue: | $3,374,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $1,575,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $1,000,000 | |
| Real Estate: | $450,000 | |
| Year Established: | 2000 | |
| Employees: | 10 | |
| BBN Listing #: | 240758201 | |
| Broker Reference #: | 13485-333613 |
Business Overview:
Under Contract.
Family-owned and operated for over 20 years, serving NC, SC, and GA, this trenchless technology company specializes in Horizontal Bores, Pilot Tubes, Horizontal Directional Drilling, and Pipe Bursting for commercial and industrial contractors, developers, municipalities, and utilities. Their strong commitment to quality, budget, schedule, and doing the job right the first time, coupled with their knowledge, expertise, and capabilities, make them a contractor of choice throughout the region. They have great customer relations and a strong brand reputation.
The sale includes two parcels of real estate (11 acres), and a 5,000 square feet shop containing three (3) offices.
The business is relocatable.
Perfect for an owner/operator with experience in underground utility installation or trenchless technology, or a great add-on for contractors looking to expand their market share.
Seller is offering 10-days no cost training, but willing to stay on long-term (12 mos) with an employment contract for an extended transition.
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Property Features and Assets:
Facilities: Standalone slab and metal, high-bay building with two (2) roll up doors and three (3) offices. - business can be easily relocated. FF&E Overview: Asset list available. FF&E General Condition: Good to excellent.
Market Competition and Expansion:
There are a couple of competitors in the state, but competition in the region is low due to equipment cost and high barrier to entry. The company has strong relationships with developers, contractors and municipalities. The US market is projected to grow at 10.7% CAGR from 2022-2030. NC was just rated as the top state for business for the second year in a row, and there's significant development across the entire state. Continued growth and expansion will drive additional demand in a market with only a few players.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more North Carolina businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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