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Performance Business Brokers Presents - With over $5M in sales and a 16% profit margin in 2020, the client base for this directional drilling installation company consists of major communication carriers and utility companies in the Greater Edmonton area. This business is recession proof, as wireless carriers and utilities are essential. Nearly 90% of the work is done for a wide range of major companies, and most work is completed by their highly skilled in-house team of twenty five employees; subcontractors are hired as needed for larger quick turnaround projects. Approximately 90% of work completed is trenching, directional drilling and installation of various utility services. Work is typically steady throughout the year due to contracts in place and most projects are completed in the Edmonton area and within a 150-kilomiter radius of the office. The current owner does no labor and provides bids and oversight. He is willing to stay on for up to 6 months to assist with the transition.
The business operates from a leased 7500 sq ft shop and office that has plenty of room for the storing equipment. Assets include 10 trailers, 5 backhoe excavators, 3 Ditch Witch Drills, plus all of the necessary tools and equipment, along with man trucks and vans and hydro vac trucks.
Priced at $3,500,000, this company has a solid foundation, positive long-term relationships with primary contractors, low overhead, and many potential paths for growth. 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 telephone, cable, fiber, electric and gas utilities as this company receives many inquiries about availability for this specialization. This could be a large area for potential growth.
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