Seller's Contact Information
- RE: Premier Drilling Contractor For Sale
- Contact: Steve Pereira
- License #: DRE#01963296
Quick Facts
Asking Price: | $2,750,000 | |
Annual Revenue: | $2,636,455 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $1,040,614 | |
Total Debt: | Not Disclosed | |
FF&E: | $790,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1960 | |
Employees: | 10 | |
BBN Listing #: | 74324955 | |
Broker Reference #: | 7206-17457 |
Business Overview:
This Company has been one of LA County's premier drilling companies for over 60 years, providing drilling services to homeowners, general contractors, geotechnical engineers, and developers of both new and remodeled residential and commercial projects.
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Property Features and Assets:
Approximately 1,500 square feet of indoor space with overall 20,000 square feet of outdoor yard storage space for drilling vehicles and equipment. Assets = $790,000
Market Competition and Expansion:
Nearly two-thirds of the revenue of drilling contractors is earned from the private residential and nonresidential building market, as they can specialize in preparation work for commercial and residential buildings, or for infrastructure projects such as highways, sewer and water mains and facilities, and driveways. The company provides drilling services only. Some competitors offer additional project services, such as foundations, so a new owner may consider expanding the services offered.
Reason for Selling:
The seller wants to retire.
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
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