Business Overview:
Two general managers are in place to run daily operations, so owner is only responsible for general oversight! An Operations Manager and a Supervisor are already in place for this steadily growing business; the other 18 on the team are comprised of foremen, operators, laborers, 1 contracted Office Manager, and subcontractors as needed. With over $1.75M in assets, this telecommunications maintenance and installation company has been serving Wisconsin and Minnesota for over 20 years. Assets consist of over $735,000 in construction tools, test equipment, fusion splicers (4 of which are new), and drills; over $745,000 in vehicles and trailers is made up of a semi-trailer, dump trucks, pickup trucks, flatbed trucks, bucket trucks, plows, excavators, trenchers, and bobcats. With services in telecommunications installation, maintenance, and repair as well as fiber optic maintenance, a solid recurring client base is already in place. Continuing to increase installation services and expand the client base would certainly be a tremendous growth opportunity.
The business is based out of Wisconsin in a 6,000 sq. ft. building on 1.2 acres. A second 6,000 sq. ft. shop is located in Minnesota on 5 acres of land – half of this space is heated, half is cold storage, all used for material and equipment storage for upcoming jobs. Currently, the company’s revenue is approximately 90% maintenance on existing equipment and 10% emergency repair. After delayed projects are up and running, this business will see a substantial growth in revenue due to the inevitable increase in installation services.
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Property Features and Assets:
Equipment: $737,575 worth of construction tools, test equipment, fusion splicers, drills, etc.
Vehicles: $746,285: 28 vehicles: semi-trailer, dump trucks, pickup trucks, flatbed trucks, bucket trucks + 2 drop plows, 2 underground excavators, 2 860 plows, 3 660 plows, 1 425 dozer/plow, trenchers, bobcats, etc.
A/R: $267,303
Market Competition and Expansion:
Increase installation work
Reason for Selling:
Retirement Planning after 31 years in business
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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