Trench & Drill Underground for Major UtilitIies

Phoenix, AZ
Maricopa County

Asking Price: Annual Revenue:
$1,860,000 $1,404,601

Services: Construction, Contractors

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RE: Trench & Drill Underground for Major UtilitIies Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $1,860,000 12.5% Buyer Down Payment: $232,500 12.5% Seller Financing: $232,500 75% Bank Loan: $1,395,000 A 12.5% down payment of $232,500 returns $275,456 in the first year after debt payments!

Quick Facts

Asking Price: $1,860,000
Annual Revenue: $1,404,601
Net Profit: Not Disclosed
Cash Flow: $547,458
Total Debt: Not Disclosed
FF&E: $542,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: 8
BBN Listing #: 755234398
Broker Reference #: CON061

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Business Overview:

This dynamic underground trenching company has a consistently high profit margin of 39%! The business provides directional drilling for long-term utility companies and communication carriers. The current owner does no labor and provides bids and oversight. He is willing to stay on for 6-8 months. Nearly 90% of the current work is from drilling for and installing fiber optic cables. They can also remove existing wiring and complete associated concrete and asphalt restoration projects when able. Work is typically steady throughout the year and most projects are completed within a 50-mile radius of the Phoenix area. The owner does not do the labor, only oversight and bidding.

The business operates from a leased quarter-acre property that has plenty of room for the mobile office as well as storing equipment. Eight skilled team members are already in place, including a supervisor, drill operator, drill locater, mini excavator operator, and CDL driver.

Potential for growth can be found in a few areas. First, a new owner could capitalize on current resources that allow the team to take on larger or additional contracts throughout the year. Second, increased focus could be paid to building upon current work for gas utilities as this company receives many inquiries about availability for this specialization. A third area would be to expand the restoration of concrete and asphalt associated with the current drilling contracts. With a reasonable investment, this could be a large area for potential growth.

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Property Features and Assets:

Mobile office, water/power/ telephone, storage for equipment

Market Competition and Expansion:

Take on additional gas work, contracts, or increase restoration work.

Reason for Selling:

Focus on family.

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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