Opportunity Highlights
Annual Figures 2024:
- Gross Sales: $2,819,400
- Adjusted Net Profit: $1,133,414
Expenses 2024:
- COGS: $2,097,142
Business Overview
- Telecom business
- Been in business for 15 years
- Located in Missouri mostly but has several locations around the US
- Underground fiber optic and copper installation and maintenance
- All commercial work
- 2 major vendors (worked for one for 10 years and one for 8 years). Works as a sub for 6 other companies
- In 2024 one client made up 60-70% of the revenue. Another client made up about 10% and the rest was miscellaneous companies. 2025 revenue breakdown will be similar.
- Just renewed a 3 year contract with one client. Another client has 2 more years left
- 4 million in assets coming with the business
- No W-2's, all 1099's
- Supplies all equipment and trailers to the subs
- Will provide employee breakdown upon request
- There are some family members in the business that will stay
- Already has management in place
- Business could use a sales team
- Sales team could go after power plants
- Now they doing rural fiber in the midwest
- Project coming up that they will bill $30,000 - $50,000 a week for the next 5 years
- Seller will lease back at $10,000 a month
- Property can be included for $8,000,000
- Very little debt with the company
- No licenses needed to run the business
- No litigation going on
- Seller is open to holding a note
- Seller will stay on stay for 60-90 days or longer if a pay structure is worked out
- Reason for the sale: Owner is 62 and is retiring