Cell Site Maintenance And Telecomm Tower Erection For Sale

For over a decade, this Cell site maintenance and telecom tower
erection business has primarily served the northern and western
areas of Texas with some work in Oklahoma and Louisiana. They
received their contract with ATT in Dec of 2022 and in March of
2023 began working with dish. The seller is looking to enter
retirement as he has recently purchased a large ranch, however, to
show his vested interest in the continued success of the business
he has offered to finance 20% of the price which can also include
performance goals. Additionally, he is willing to stay on as the
managing operator for 2-3 years. The company currently boasts
over $1.8 million in contracted work that is in work in progress and
backlog. The purchase comes with all of the vehicles and
equipment a new owner would need which totals over $500,000.
The owner provides oversight, money management and works
roughly 20-25 hours per week. He is able to work this limited part
time role because of the well-developed team of 18 that he has in
place. The leadership team consist of a Vice President that the
owner has been mentoring, and an up-and-coming operations
manager plus 2 project managers and 3 crew supervisors. The
labor force has 3 crews made up of 2-3 team members per crew,
allowing this company to perform work simultaneously on several
sites.
Priced at $1,825,000, this business is poised for a new owner to
take charge with ample opportunity to grow. There have been 2
banks that have approved this deal for a qualified buyer and there
has already been a 3rd party appraisal completed summer of 2023
citing this price is fair and accurate. Expanding geographically
would be a large growth opportunity as the existing client base has
requested that this business perform cell site maintenance in other
areas. This is something that can be easily done, but with the
owner only working part time, this has not been a priority. A new
buyer could capitalize on this opportunity and expect revenue and
cashflow to follow. There is very low overhead as the office is
2,000 sq ft and the warehouse and storage space are an additional
4,000 sq ft. The labor crews rarely visit the office as their work is
performed onsite – a new buyer could relocate to save on this
expense.