Profitable Well Established Utility Contractor Business In Colorado For Sale

Business description

Well established PROFITABLE Utility Contracting business. This is a great business, with solid customer relationships and long-term contracts to provide underground and aerial utility (power and communications) installation. Business to Business (B2B) customers in desirable Colorado location. The business typically does installs during regular business hours, but, depending upon customer requests, installs/repairs can be done on overtime and premium hourly rates. Customers usually own and manage the inventory, keeping cash requirements down. Great business for individual with utility contracting knowledge, or business wanting rapid / inorganic growth in the Colorado market. Note: cash flow has been adjusted down to reflect reasonable rent of facility.

Property information

Location:

Location is currently owned by the business owner and leased to the business. Owner is flexible on leasing options. Location is not critical to the business, but needs to be centrally located for access to projects.

Size in square feet:

8,000

Other information

Expansion potential:

The business has experienced significant double digit growth in the last few years. Continued growth is expected, based on the demand for fiber-optic cable and other utility needs.

Competition / Market:

There are a very limited number of competitors that compete in this space. Typically, long-term relationships are developed with the customers. The customers then either select a contractor, or bid the job between their selected few, approved, contractors.

Support & training:

Will train for 4 weeks @ no cost

Reasons for selling:

Retirement

Trading hours:

Mon-Fri 8 am to 5 pm and on-call / customer request

Furniture / Fixtures value:

$735,918 (included in the asking price)