Exceptional Utility Locating Services company located in California, established for over 20 years, providing utility locating services throughout California that are required for all construction projects. $2.1 million sales, $771,457 discretionary earnings (DE), and $621,457 EBITDA. The business is pre-approved for 10% down with SBA financing for qualified buyers.
The company provides the best utility locating services in the industry using state of the art equipment recommended and required for on-site construction. Long standing clients include building contractors, property developers, government, and public authorities in addition to other engineers and professionals. Typical commercial projects include hospitals, schools, and universities, and government projects undertaken for cities, counties, and the state. This company does not provide services for new home construction.
- Offered at $2.2 million
- $2,064,504 sales 2021
- $771,457 Discretionary Earnings 2021
- 31% growth in 2021
- $245,000 Down w/SBA Financing
- 5 Service Trucks + 1 equipment trailer
Utility Locating Services:
- Electrical Line
- Gas Line
- Water Line
- Communications/Telephone Line
- Storm Drain
- Utility Conduit
- Gas Manifold
- Rebar Location
The owner/seller has built a company with excellent procedures and a team of knowledgeable and professional employees, including well-trained technicians and office admin staff. Its reputation for delivering excellent quality and timely project completion with its professional staff ensure significant revenue from referrals.
- Well-trained technicians
- Office administrative staff
- Bookkeeper and payroll
Revenue has grown at over 30% annually and the company is well-positioned for continued growth. Both short- and long-term growth can be achieved with the addition of technical and marketing staff, geographic expansion, and the increased provision of services related to core, legally required technical services.
Office in prime location available for lease or purchase.
Buyer Skills and Requirements:
The owner has a contractor’s license, The SBA requires the Buyer to personally have or obtain the contractor’s license(s) prior to the close of escrow. The Buyer can use a third party to act as the RME or RMO if they are a guarantor on the SBA loan.
The seller will provide training for 4 weeks/40 hours per week, and limited consulting as negotiated after the initial training period.
Reason for Selling:
The owner is starting a new business that does not compete with this business and will be a customer of this company.
Inquiries from principals only
|Cost of Goods Sold||$70,808||$98,539||$96,424|
|Net Profit||$266,957||$249,405||$444,846 $|