Premier Drilling Contractor for Sale

Not Disclosed, CA
Los Angeles County

Asking Price: Annual Revenue:
$2,750,000 $2,636,455

Services: Construction, Contractors

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RE: Premier Drilling Contractor for Sale Broker: 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

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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 a homebased business opportunity.
  • This is not a franchise resale opportunity.

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