27 Year Old Internet Infrastructure Maintenance Business in CA and NV

Business Description

For sale is a 27-year-old telecommunications company providing aerial and underground telecommunications construction for leading broadband connectivity companies and cable operators in California and Nevada, with opportunities to work in Washington, Arizona, Oregon, Montana, and Idaho.  The business has a proven track record of meeting deadlines with an outstanding quality-control rate and safety record. This strong reputation has led to consistent work with major telecommunication service providers.

In early 2024, the company received verbal confirmation that it has been awarded a $50M share of a new $150M contract, which will be completed over the next 3 years. The company generates two-thirds of its revenue from infrastructure expansion, which includes building main lines that connect different regions, and the remaining one-third is from maintenance on existing lines.  The average order value for 2023 YTD is $1.7M with a median value of $69K.

There are 45 full-time employees and 3 sub-contractors. Key employees include 4 Managers and 3 Assistant Managers.  Although the seller typically works 4 days a week, the new owner could work less with the managers already in place.

2020 2021 2022 Jan-Sept 2023 2023  Forecast 2024 and 2025 Forecast **
Revenue $6,311,946 $6,675,911 $8,427,250 $8,787,102 $10,000,000 $25,000,000
EBITDA $485,072 $645,524 $1,234,868 $2,498,444 $1,500,000 $3,750,000

**Min amount of work projected under pending contract, excluding existing customer contracts.


Financial Overview

Asking Price: $8,000,000 to $12,000,000

Revenue: $10,000,000 (2023 Forecast)

Income: $1,500,000 (2023 Forecast)

Multiple: 5.3x to 8x

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