NEW- Profitable Michigan Underground Utility Contractor for Sale!

Successful Underground Utility Company- Highly Profitable

Established Business Opportunity

This highly regarded underground utility contractor has served Michigan for over 30 years and is now available for acquisition. With a strong presence in the Industrial, Municipal, and Commercial sectors, this company presents a unique investment opportunity for buyers seeking to enter or expand within this niche market.

Financial Highlights
• 2023 Revenue: $6,222,853
• 2023 Seller's Discretionary Earnings (SDE): $2,628,296

Key Business Assets
• Dedicated Workforce: 22 full-time employees plus owners
• Office Space: 3,660 square feet
• Extensive Equipment Inventory: Well-maintained late-model equipment
Core Competencies
• Cable plowing
• Fiber optics installation
• Directional drilling

Market Position
• Diversified Client Base: A robust mix of industrial, municipal, and commercial clients
• Contracts: Successfully secured significant utility contracts, enhancing future revenue potential

Growth Opportunities
1. Market Expansion: Explore new geographic markets and sectors.
2. Workforce Augmentation: Increase staff to handle larger projects.
3. Enhanced Marketing and Bidding Strategies: Strengthen visibility and competitiveness in securing contracts.
4. Strategic Bolt-On Acquisitions: Consider acquiring complementary businesses to broaden service offerings.

Investment Highlights
• Proven Track Record: Over 30 years of successful operations with consistent profitability.
• Strong Workforce: This is a loyal and experienced team dedicated to quality service. Most employees have been with the company for 10 to 20+ years.
• Prime Real Estate: Well-maintained office facilities that support operations.
• Comprehensive Services: A wide range of underground utility solutions catering to various sectors.
• Excellent Reputation: A solid standing within the business community and among top-tier clients.

Transition Support
The current owners are committed to providing comprehensive training and support during the transition to ensure a smooth handover.

Reason for Sale
The owners are seeking retirement, creating an ideal opportunity for new owners to step in and build upon a legacy of success.
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For serious inquiries and further information about this exceptional business opportunity, don't hesitate to get in touch with EGM.

Note: This is a new listing. Upon request and execution of an NDA (Non-Disclosure Agreement), qualified buyers will receive additional details.