Business For Sale

Utility Drilling in Phoenix Area

Phoenix, AZ
Maricopa County

Asking Price: Annual Revenue:
$2,018,000 $1,091,921

Services: Construction, Contractors

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RE: Utility Drilling in Phoenix Area Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $2,018,000 12.5% Buyer Down Payment: $252,250 12.5% Seller Financing: $252,250 75% Bank Loan: $1,513,500 A 12.5% down payment of $252,250 returns $153,354 in the first year after debt payments!

Quick Facts

Asking Price: $2,018,000
Annual Revenue: $1,091,921
Net Profit: Not Disclosed
Cash Flow: $448,461
Total Debt: Not Disclosed
FF&E: $486,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: 8
BBN Listing #: 755234398
Broker Reference #: CON061

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Business Overview:

This dynamic company in the Phoenix area provides underground utility directional drilling and trenching for both dry and wet utilities. 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. Customers include major communications carriers as well as correlating primary contractors. Work is typically steady throughout the year and most projects are completed within a 50-mile radius of the office. The current owner is responsible for oversight, bidding, and estimating, but rarely works in the field.

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:

.24 acres: 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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