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Directional Drilling & Utility Trenching

Lea County, NM

Directional Drilling & Utility Trenching
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Asking Price: $1,800,000

Cash Flow: $448,461

Gross Revenue: $1,091,921

EBITDA: N/A

FF&E: $486,000

Inventory: N/A

Established: 2013

Directional Drilling & Utility Trenching

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Business Description

This dynamic company has long-term clients with major communication carriers and a contractor in the Phoenix area. They provide 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.

**The Firm Business Brokerage is not a real estate brokerage and therefore the staff will not handle any aspect of the lease, sale or purchase of real estate.**

Attached Documents


Detailed Information

Location:
Lea County, NM
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Growth & Expansion:
Take on additional gas work, contracts, or increase restoration work
Financing:
13% Seller Financing: $234,000
Support & Training:
6 months
Reason for Selling:
Focus on family
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Cortney Sells

Business Listed By:
Cortney Sells

The Firm

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