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Since 1999, this business has been contracted to install, repair and maintain all aspects of aerial and underground cable networks for many major cable companies. Services include setting telephone poles, splicing fiber and coax, performing cable replacement and line extensions, aerial and underground cable construction, joint trench construction in new subdivisions, 24 hour on call service and storm damage repair. Their service area includes a 100 mile radius from their upstate NY location. The revenue is shared 50-50 between aerial and underground work. All project materials are supplied and delivered to them by their customers. The only materials they supply are telephone poles, which they have a large supply that is included with the business. The staff of 30 includes 6 aerial and 2 underground crews with experience in all areas of construction and installation. Employees are certified in enclosed space training and all flaggers are certified as well.
Real Estate: Included in asking price
Facilities:The property is 5 acres and includes an office building and a garage. The facility is completely fenced in and has 3 entrances through the gate. The office building is about 1,500 sq. ft. and includes 4 offices, a bathroom, a stockroom and full basement. The garage is about 900 sq.ft. The facility has a web based security system with cameras. Taxes on the property are $8K/year.
Competition:This business has been providing excellent service for major cable companies in upstate NY for over 15 years and have very entrenched relationships and stable revenue streams.
Growth & Expansion:Services could be expanded in the geography and the geography could be extended outside their current service area.
Support & Training:The seller is willing to assist the buyer to ensure a smooth transition.
Reason for Selling:The seller wants to move toward retirement
Real Property Included
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