Foundation & Underground Rental Equipment

Phoenix, AZ

Asking Price: Annual Revenue:
$10,900,000 $18,000,000

Services: Construction, Contractors

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RE: Foundation & Underground Rental Equipment Broker: Seller of Business
Owner Financing is Available!
15% Seller Financing with Benchmarks $1,635,000 85% Buyer and Financing $9,265,000

Quick Facts

Asking Price: $10,900,000
Annual Revenue: $18,000,000
Net Profit: Not Disclosed
Cash Flow: $2,700,000
Total Debt: Not Disclosed
FF&E: $6,845,544
Real Estate: Not Disclosed
Year Established: 2007
Employees: 6
BBN Listing #: 184734398
Broker Reference #: TRN002-D

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Business Overview:

This foundation and underground rental equipment business operates out of two locations and specializes in directional drilling with over $8M of equipment in their inventory fleet. This nearly $8M in hard assets collateralizes 84% of the Buyer’s Financing of the purchase. With a primary location in Phoenix, Arizona and a second location in Salt Lake City, Utah, they are able to service general contractors, subcontractors, specialized contractors, foundation companies, electrical companies, waste management, infrastructure contractors, owners of large equipment in the Southwestern sector of the United States. Their services include rental, sales, repair, and maintenance of niche equipment, including foundation & directional drilling equipment, cranes, and rotators. The team is well known for their excellent customer service and consists of 6 members including the COO/Sales manager, the Project and Operations Manager, the Accounting and Sales Representative, an Office Administrator, the Lead Mechanic and Technician, and a Yard Manager and Technician Consultant. The owner oversees sales for only 15-20 hours a week, which the COO is being mentored to absorb and the current owner is offering a training/transition.

Established over 15 years ago, this well-known business offers a solid reputation with only two competitors. Other growth opportunities could include expanding their reach into Texas. They have a client base made up of 75% repeat customers: This is primarily due to clients renting equipment, and then realizing they need to continue renting the unit for increased job performance or purchase it outright.

Priced at $10,900,000 this business is ready for new ownership to step in and enjoy continued growth. The current owner believes in the business’s onward & upward revenues and, as a show of this faith and to mitigate the risk for future ownership, is willing to offer a 15% promissory note.

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Property Features and Assets:

Equipment/Inventory: $6,845,544; Parts Inventory: $480,000; Accounts Receivable: $479,049.

Market Competition and Expansion:

Growth Opportunities: Increase rental inventory and add divisions of other specialty equipment, expand service area

Reason for Selling:

After 15 years, the owner is ready to move on.

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.


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