Underground Const.- Electrical, Communications, Water, Sewer (17698)
ConstructionFor Sale in AZ
Financial & Assets Details
About the Business
Professional underground construction company provides comprehensive construction and installation of underground electrical conduit systems, as well as maintenance agreements offered to existing clients. From trenching, phone lines, gas sleeves, and water lines, to sewers, storm drains, fire lines and plumbing, their wide array of services allowed Grosses to climb 21% in 2020! Though historically reaching $7 Million on occasion, seller has opted to keep revenue between $3M - $5M out of personal preference and has ambitious business plans available for interested acquirers. With more requests from regional building contractors than the current workforce can handle, main expansion opportunities include increasing the staff size, developing a website and extending their service radius. Experiencing a spike in sales since 2018 with $3.1 Million, last year saw a rounded $4,800,000 in Revenue; alongside $636,000 in Discretionary Earnings and an EBITDA of $573,185. Presently, over 90% of the work is performed by an in-house team of professionals, which allows for the company to control quality & costs, increase profits, and improve efficiency. Owners are available for a reasonable transition period to perform invoicing, estimating, and maintain licensing requirements, as their client base includes a diverse mix of contractors, plus both residential and commercial customers. From the Greater Phoenix area, the prime location includes a substantial shop and warehouse space that sellers prefer to continue leasing, though purchase may be negotiable for the right price. In addition to contracting, this highly scalable company has a powerful potentials for additional income from low-voltage communication projects and internet line construction.
Financing can be negotiable for the appropriate buyer.
Support & Training
Standard and reasonable Owner Transition period, negotiable.
Reason for Selling:
Approaching retirement and/or pursuing other interests.