Business Overview:
This rental company boasts a profit margin of 36% and nearly $15M in assets, making this acquisition 85% collateralized! Services include hauling, installation, dismantlement, rental, and sale of frame scaffolding, system scaffolding, shoring scaffolding, and hydro mobile
platforms. On average, 60% of revenue comes from rentals. They are highly diversified, with 15 customers making up 70% of their revenue and 95% of their clients recurring; including general contractors, concrete & masonry, demolition, and repair & installation contractors,
there is no shortage of projects! The company is currently operating at a 36% profit margin, which is very strong. They are able to offer a wide range of services thanks to the 60+ skilled employees on staff, including 7 office staff, 3 mechanics, 3 field managers, 4 drivers, and 25-40
laborers. The company has earned over $2M in backlog with $1.7M of work in progress and several other contracts out in their pipeline.
Boasting $4M in hydro mobile inventory (95+ units), they are far ahead of their competitors who only have 3-5 units. They also offer 3D drawings on more complex projects which differentiates them in the market. In addition, the recently passed US Infrastructure Bill directly caters to this company’s core customer base and will certainly increase
their revenue in the coming years. The current workload consists of 30% restoration, 20% industrial, and 50% construction. This company does little to no marketing or advertising due to their recurring clients. A new owner could absolutely grow by simply adding a marketing and
sales plan or business development person.
Priced at $18,750,000, this business is 85% collateralized with the assets included in the sale! It is positioned to grow in the contracting space by accepting more invitations to perform jobs for current clients, but in neighboring cities, and expanding types of fleet, such as forklifts & drilling bores; which could easily be added to the projects they serve, withthe clients who already trust them!
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Property Features and Assets:
Assets*: $14,800,000
Vehicles: $1,914,404 - Flatbed trucks (5), Pickups (25)
Equipment: $689,000
Furniture & Fixtures: $41,090
Working Capital: AR ($2,671,774) – AP ($2,410,245) = $261,529
*amounts will vary
*85% Collateralized
Market Competition and Expansion:
Growth Opportunities: The newly passed infrastructure bill will
greatly impact municipal and state work, which will need scaffolding
for an all new array of projects. Expansion into other cities.
Reason for Selling:
Owners are all at different life stages.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Documents:
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