Central Virginia Utilities LLC is a new business venture specializing in underground infrastructure. We have a current opportunity to purchase two drilling rigs and associated equipment to branch out into this industry from a business owner who is retiring. His lead employee who is versed in the business, operation and maintenance of the equipment and customer base wants to continue the business under Central Virginia Utilities LLC with the current owner's endorsement. We know each other personally and have a mutual respect for each other's workmanship and character. Central Virginia Utilities LLC is currently insured and holds a Heavy Highway Class A business license.
The drilling rigs and incidental equipment are the key part to this succeeding. The current owner of the company has extended a reasonable price for these items, and I am attempting to raise the funds to essentially continue an already proven business with an existing client base.
Central Virginia Utilities LLC was originally established in March of 2021 as a mainly dormant entity to complete small projects in my spare time. I am currently employed full time with another underground utility contractor who is fully aware and is silently involved in this potential business venture. The current drilling business currently grosses between $350,000.00 to $400,000.00 per year with the same employee mentioned above.
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