Directional Drilling, Water Main Replacement Biz

Not Disclosed, ND


Asking Price: Annual Revenue:
$5,500,000 $5,204,909

Services: Construction, Contractors


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RE: Directional Drilling, Water Main Replacement Biz Broker: Stan Gibbs

Quick Facts

Asking Price: $5,500,000
Annual Revenue: $5,204,909
Net Profit: Not Disclosed
Cash Flow: $2,690,766
Total Debt: Not Disclosed
FF&E: $3,000,000
Real Estate: Not Disclosed
Year Established: 1999
Employees: Not Disclosed
BBN Listing #: 392728483
Broker Reference #: 11246 SG

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Business Overview:

Pipe bursting and water main replacement, and directional drilling business in North Dakota, established 22 years ago by current owner. This specialized process has very little in state competition, with several cities in North Dakota having long term bursting/replacement plans. This process is appealing to cities due to minimized disruption of traffic. It also eliminates total reconstruction of roads, thus creating savings for the cities while also installing new watermains.

The push to eliminate lead lines has great potential for income as it is subsidized by the government and in conjunction with replacement projects. We encounter many of these lead lines on projects which have proven in the past to be very profitable. We also do pit launched directional drilling which complements this process very well as prime contractors. Please contact Stan Gibbs.

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Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is 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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