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345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked
Service
50
/100 score
Fair

Fiber Optic Contractor

The US is burying $42B in broadband — someone has to splice every inch of it

Fiber optic contractors install and splice fiber optic cable networks for internet service providers, telecom carriers, municipalities, hospitals, campuses, and data centers. The work ranges from outside plant (OSP) aerial and underground runs to inside plant (ISP) structured cabling in buildings. The BEAD Act and E-Rate programs are driving the largest rural broadband buildout in US history — creating a decade-long pipeline of funded government contracts for small contractors with qualified crews. A single splicing technician can bill $800–$1,500/day on projects, and crews of 4–6 regularly generate $1.5M–$4M/year for the contracting company. Entry barriers include BICSI certification and fusion splicer equipment rather than capital intensity.

Avg Revenue

$1.5M

Profit Margin

28%

Acquisition Multiple

2x - 3.5x

Startup Cost

$100K - $350K

Difficulty

4/5

How It Works

The contractor bids on ISP, municipal, or enterprise fiber projects. Outside plant work involves aerial lashing (fiber to existing utility poles), directional boring, or open-trench burial of conduit with fiber pulled through. Fusion splicers ($15K–$40K each) join fiber strands with sub-0.1dB loss and are tested with an OTDR. Inside plant work pulls fiber through ceilings and data closets and terminates at patch panels. Typical billing is time-and-material at $1,000–$2,000/day per tech, or lump-sum per-foot ($2–$8/foot aerial, $5–$20/foot underground). Government-funded rural broadband contracts (BEAD/ReConnect) are publicly bid and often set-aside for smaller contractors.

Revenue Range

Low End
$500K
Typical
$1.5M
High End
$4.0M

Real Acquisitions in This Category

SBA 7(a) change-of-ownership loans · NAICS 237130 · Power and Communication Line and Related Structures Construction

Deals tracked
13
4 in last 24 mo
Median loan
$1.3M
$500K–$2.7M p25/p75
Implied deal size
$1.5M
median · ~85% LTV
Charge-off rate
not enough resolved loans

Deal Size Distribution

<$150K
1
$150K–500K
2
$500K–1M
3
$1M–2M
2
>$2M
5

Deal Flow Over Time

Deals per year · median loan
$1.7M
2020
2
$1.3M
2021
3
$2.6M
2022
3
$405K
2023
1
$2.3M
2025
4
12-month momentum
-66.7%
deal volume vs prior 12 mo
Median loan Δ
+852.4%
1 recent · 3 prior

Financing Profile

Median rate
8.50%
25% fixed · last 24 mo
Median term
120 mo
standard 10-yr
Collateralized
85%
of loans secured
Median jobs
11
supported per deal
Top lenders in this space
Live Oak Banking Company2
Wright Patt Credit Union Inc2
Pathward National Association1
BMO Bank National Association1
Dogwood State Bank1
Where deals happen
LA2
OH2
KY1
CA1
FL1
KS1
IN1
IL1
IA1
AZ1

Recent Comparable Deals

ClosedStateLoanImplied dealJobsFranchise
May 2025KY$5.0M$5.9M2
Dec 2024IL$525K$618K11
Dec 2024LA$4.0M$4.7M31
Dec 2024LA$500K$588K32
Jun 2023KS$405K$477K4
Sep 2022AZ$2.9M$3.4M58
Mar 2022OH$2.6M$3.1M8
Jan 2022OH$350K$412K8
May 2021IA$140K$164K4
Feb 2021CA$1.5M$1.7M16
Volume rank #329/534Deal-size rank #79/534Momentum rank #309p90 loan: $2.9MData as of Dec 2025

Source: SBA 7(a) FOIA dataset, filtered to acquisitions (loans where business age is "Change of Ownership"). Implied deal size assumes an 85% loan-to-purchase ratio, a common SBA change-of-ownership structure. Charge-off rate shown only when 10+ loans have resolved (paid in full or charged off). Interest rates reflect last 24 months only. Actual deal values vary with equity injections, seller financing, and working capital terms.

Pros

  • +Decade-long government-funded buildout via BEAD Act ($42.5B) and ReConnect creates a visible project pipeline for small contractors
  • +Per-tech billing rates of $1,000–$2,000/day make revenue density high relative to headcount
  • +Specialized skill creates pricing power and limits competition — qualified fusion splicers are genuinely scarce
  • +Both enterprise and government customer bases provide large, long-duration contracts with reliable payment

Cons

  • -Skilled labor is the primary bottleneck — certified fusion splice technicians are difficult to find and expensive to train
  • -Project-based revenue can be lumpy; gap between contract close and revenue recognition requires working capital
  • -Regulatory and bonding requirements for government contracts add administrative overhead and upfront cost

Best For

Experienced telecom technicians or construction operators who want to build a contracting business on the back of the broadband infrastructure wave

Operating Costs

At $1.5M revenue: technician wages run 40–45%, subcontractor labor 5–10%, equipment (splicers, OTDRs, vehicles) adds 8–12%, materials 5–8%. Owner-operators on tools with 3–5 employees net 25–35%. Adding crew without filling the project pipeline compresses margins to 15–20%.

SBA Financing Estimator

Adjust the deal — see if it cash flows after debt service

+$11K/mo
after debt service
Deal price — $2.3M
Range: $2.3M (2×) to $6.8M (3.5×+)
Down payment — 15% ($338K)
SBA minimum equity injection is 10% for change-of-ownership
Interest rate — 8.50%
SBA median for this category: 8.5%
Loan term — 10 years (120 mo)
SBA median for this category: 120 months
Down payment
$338K
15% equity injection
Loan amount
$1.9M
85% SBA-financed
Monthly payment
$24K/mo
$933K total interest
Monthly profit
$35K/mo
at 28% margin
Monthly cash flow after debt service
+$11K/mo
Down payment paid back in ~30 months — strong return

Estimates only. Excludes owner compensation, capex, working capital draws, and taxes. Margin assumes average occupancy and volume. Actual SBA terms vary by lender and borrower profile.

Where to Buy

BizBuySell – Telecom & Tech Services

Search for fiber and telecom contractor businesses for sale

NTIA BEAD Program

Official source for government broadband funding and contractor opportunities

50/100Fair

Acquisition Score

Profit margin
19/30
Entry multiple
23/25
Market depth
1/20
Risk (charge-off)
8/15
Deal momentum
0/10

Scores margin (30), entry multiple (25), SBA market depth (20), category risk (15), and deal momentum (10). Higher = better acquisition candidate.

Quick Facts

Category
service
Difficulty
4/5
Buy price
$3.0M$5.3M

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