Seller's Contact Information
- RE: Utility Contractor With Iconic Customers In Texas
- Contact: Mariann Montgomery
Quick Facts
Asking Price: | $0 | |
Annual Revenue: | $6,577,624 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $952,416 | |
Total Debt: | Not Disclosed | |
FF&E: | $3,862,917 | |
Real Estate: | $1,366,489 | |
Year Established: | 1997 | |
Employees: | 37 | |
BBN Listing #: | 64914955 | |
Broker Reference #: | 6012-17666 |
Business Overview:
Utility Contractor with Iconic Customers Including Oncor and AT&T for Sale in Texas.
For over twenty-five years, the subject company has provided construction, repair, relocation and upgrade services for electric power and telecommunications utilities. Though primarily underground, they also offer overhead utility services. Their projects include occasional one-off residential jobs, but they mainly install utility groundwork for entire subdivisions, multifamily residential and commercial property development.
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Property Features and Assets:
Company offices are Company owned. Their facility grounds exceed three acres and are nearly 100% paved. There are several buildings/structures including the following: * Main building with several private offices, rec room, conference room and kitchen * Extensive protected storage * Mechanics shop, with three lifts, office, parts room, restroom and loft * Wash shop with two bays of “coin op” style carwash equipment and vacuum. * Welding shop * Covered auto/truck and equipment parking The seller’s preference is to include the sale of the main office property with the business sale but is open to leasing if that is preferred by the successful buyer. Assets = $5,229,406
Market Competition and Expansion:
The utility construction industry is highly fragmented and comprised from small players to mid-size and regional entities plus national corporations. The subject Company has carved out a right-sized niche for itself with well-known Electrical Utility Co-Ops, Corporations and Municipalities in Texas. Its projects flow in from annual contracts The Company has consistently renewed for decades. The Company's competitive parameters include: * Strong Reputation * Quality Service * Meets or Beats Deadlines The Company has contracts with major corporations including Oncor and AT&T. Under these contracts The Company is an approved contractor for Oncor areas and an exclusive provider of services in specific areas for AT&T. With broader business development goals under a new owner, these existing relationships could be expanded. Other opportunities for revenue growth include expansion of overhead services and more aggressively seeking additional Co-Op electrical utility contracts as they return for future bid.
Reason for Selling:
Will perform better under a more active owner.
Additional Details:
- The property is owned.
- 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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