Construction And Service For The Wireless Industry
Location United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $2301361
Net Profit / Cash Flow $639070
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2001
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training The Owner/President is active in the day-to-day activities and is willing to discuss a transition/training period as well as his possible role in the Company after the sale.
Reason for Sale Owner wishes to pursue new opportunities which would allow him to focus on family as well as business activities.
Description Established to provide construction and maintenance of towers for the wireless industry. Our Client has earned a reputation within the wireless community for being a fair and honest company. Mgmt & employees are guided by the concepts of quality workmanship, timely service & straightforward communication with customers. Known for fair pricing & will not sacrifice quality for a bargain basement price. Financial status has allowed growth, acquisition of new equipment, flexibility & stability while remaining debt-free.
Office is home-based. The separate, rented shop/storage is centrally located & convenient for crews and suppliers. The area is traversed by section line roads that intersect with other primary arteries & interstate highways. Facilities include indoor and outdoor space for storage of equipment, trucks & trailers. Rent is $600 per month plus half the dumpster charge. In addition, the landowner loads/unloads deliveries & charges a nominal fee of $25 per load for the forklift usage. Total rent/labor charges are generally less than $900 per month.
Typical customers are wireless carriers in the cellular/ PCS business in the Company's home state and surrounding states. Management believes quality is normally ''as good as, or better'' than the competitors. The competition is fairly stiff, but our client has been successful in getting the projects needed to stay busy and profitable. Low overhead and cost structure aid competitiveness in the bid market for new and repeat jobs and opportunities.
This is an opportunity for buyers to have their own special niche in the wireless industry. The Company has been successful in winning bids, keeping maintenance contracts, retaining existing customers and acquiring new customers. Profitable since inception, shows significant potential for growth. To facilitate increased revenues & profits, new ownership could easily expand with additional crews and another level of administrative staff.
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