Seller's Contact Information
- RE: Cell Tower And Telecom Site Maintenance
- Contact: Jared Olson
Quick Facts
Asking Price: | $1,850,000 | |
Annual Revenue: | $5,666,020 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $523,693 | |
Total Debt: | Not Disclosed | |
FF&E: | $631,991 | |
Real Estate: | Not Disclosed | |
Year Established: | 2009 | |
Employees: | 18 | |
BBN Listing #: | 496434398 | |
Broker Reference #: | TEC018-E |
Business Overview:
This business handles tower erection, site/tower inspections, electrical services, and compound maintenance and repairs which account for the remaining 20% of revenue. Based in the DFW area, this Telecom maintenance and management company has a primary focus on merging networks and overlaying technology into existing structures, which make up 80% of their services. They provide service in the northern and western areas of Texas, as well as Oklahoma and Louisiana.
Their current team is made up of 18 skilled employees including 2 project managers, 2 construction managers, 3 crew supervisors along with 3 crews of 3 people, 1 AR manager, 1 bookkeeper, and 1 CPA. The owner handles general oversight and payroll, he works roughly 25 hours per week and is mentoring his VP. The seller has offered a 2-3-year transition period plus a combined 30% carry, to ensure this process is as smooth as possible for all involved. The purchase of this business includes over $600,000 of assets. They finalized a signed contract with AT&T December of 2022 – they are conservatively forecasting 2023 Revenue of $6,500,000 with a 10% Net Profit for a cash flow of $650,000.
This business is working through the stages of signing with Verizon as an active client to begin work in mid-2023. They are also actively working towards a partnership with Verizon. There are less than 10 major carriers within the cell tower industry, meaning there will always be customer concentration in this space.
Priced at $1,850,000 this telecom company is ready for new ownership to step in and continue the excellent reputation that has been curated since 2009. The current owner is invested in the future success of this business and to illustrate this point, has offered 20% of seller financing with benchmarks in addition to a 10% Equity Roll if the buyer desires, this is twice as much as the standard offer. With a long-standing and established client base and pipeline, as well as an excellent and skilled staff, this business is primed to offer new ownership the opportunity for continual ongoing success and reliable income.
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Property Features and Assets:
Lease: $6,000/month for 6,000 square feet including 2,000 square feet of office and 4,000 square feet is warehouse and storage.
Reason for Selling:
Retirement Planning – Recently bought large ranch.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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