Annual Figures 2024:
– Gross Sales: $2,819,400
– Adjusted Net Profit: $1,133,414
Expenses 2024:
– COGS: $2,097,142
– 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