This dynamic underground trenching company is crisis/recession proof, as wireless carriers are essential! With a consistently high profit margin of 39%, the business provides directional drilling for long-term utility companies and communication carriers. The current owner does no labor and provides bids and oversight. He is willing to stay on for 6-8 months. Nearly 90% of the current work is from drilling for and installing fiber optic cables. They can also remove existing wiring and complete associated concrete and asphalt restoration projects when able. Work is typically steady throughout the year and most projects are completed within a 50-mile radius of the Phoenix area. The owner does not do the labor, only oversight and bidding.
The business operates from a leased quarter-acre property that has plenty of room for the mobile office as well as storing equipment. Eight skilled team members are already in place, including a supervisor, drill operator, drill locater, mini excavator operator, and CDL driver.
Potential for growth can be found in a few areas. 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 gas utilities as this company receives many inquiries about availability for this specialization. A third area would be to expand the restoration of concrete and asphalt associated with the current drilling contracts. With a reasonable investment, this could be a large area for potential growth.
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