Industrial Drilling Equipment for Public Works

Salt Lake City, UT
Salt Lake County


Asking Price: Annual Revenue:
$10,100,000 $14,892,838

Services: Rentals - Party, Equipment


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RE: Industrial Drilling Equipment for Public Works Broker: Cortney Sells
Owner Financing is Available!
10% Seller Note with Benchmarks $1,010,000 10% Seller Equity Roll $1,010,000 80% Buyer and Financing $7,900,000

Quick Facts

Asking Price: $10,100,000
Annual Revenue: $14,892,838
Net Profit: Not Disclosed
Cash Flow: $2,197,677
Total Debt: Not Disclosed
FF&E: $7,800,000
Real Estate: Not Disclosed
Year Established: 2011
Employees: 6
BBN Listing #: 220434398
Broker Reference #: TRN002-F

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Business Overview:

With $4M in backlog and $3.6M in their sales pipeline, this Industrial drilling equipment business is on track to have an amazing Q1 in 2023. In addition to the aforementioned financials, the newly signed infrastructure bill is set to impact this industry and provide organic growth through necessity of industrial equipment. 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 and owners of large equipment in the Southwestern sector of the United States. The current owner only spends 15 hours a week in the business with the role of general oversite and is offering an 18-month transition period. The team
consists of industry experts including the COO/Sales manager, a Project and Operations Manager, Accounting and Sales Representative, Office Administrator, a Lead Mechanic plus his Technician, a Yard Manager and Technician Consultant.

Established over 15 years ago, this well-known business offers a
solid reputation with only two competitors.

This is an opportunity to purchase a rental, sales, and maintenance
company specializing in heavy equipment such as foundation and
directional drills. Continuing to lend to the stability of this transaction, it would also be 84% collateralized by the $7,800,000 worth of assets included in the purchase. Growth opportunities for the new owner 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 $10,100,000 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, the seller has offered to carry a 10% equity roll as well as hold a 10% Promissory note.

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Property Features and Assets:

Main location: 2 buildings, one for shop labor and the other for admin, with a total of 7 acres fenced in for security. Satellite location: 3 offices and a conference room.

Market Competition and Expansion:

Expand into the following areas: Mining Sector, Electrical Sector, International Market, Casing Manufacturing and Distributorships for other product lines. ROC could easily add 3-5 new product lines in a short amount of time. The newly signed Infrastructure bill will allow organic growth making this opportunity recession-proof.

Reason for Selling:

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

Additional Details:

  • The property is owned.
  • The owner is 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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