Annual Revenue: $5,300,000
Net Cash Flow: $1,500,000
Location: Long Island, New York
This company has been sold. Highly regarded, well-established and lucrative company. They are a registered utility contractor that has been performing underground and aerial installation and maintenance work in NYC, Long Island and the surrounding area for nearly two decades.
The company boasts an outstanding reputation earned through safe and timely completion of all projects, from new installs to upgrades of existing gas, electric, drainage, water and telecommunication systems. Ownership’s commitment to customer satisfaction has been rewarded with a continual stream of highly profitable jobs from federal, state and local agencies as well as municipalities, companies, universities, and hospitals.
The firm’s comprehensive in-house services include expert design and engineering to permit application and procurement and aerial/underground construction or fiber splicing. They provide an impressive, seamless “one-stop” shopping experience for their clients. They plan, design, build and provide maintenance for their clients.
Dedicated employees, talented subcontractors, and a custom platform solution accessible by field and office personnel facilitate multitasking and optimize efficiency. This has lead to a 20% increase in gross revenues and over 200% gain in discretionary cash flow over the last three years alone! Two fully staffed offices, a storage yard, and equipped vehicles complete this turnkey opportunity.
A transparent owner willing to stay on post-sale will facilitate the transition. The seller is willing to finance up to 40% of the purchase price.