Rigging & Crane Service

Not Disclosed, NY

Nassau County, Long Island

Asking Price: Annual Revenue:
$10,000,000 $11,887,200

Services: Construction, Contractors

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RE: Rigging & Crane Service Broker: Ziggy Marszalek

Quick Facts

Asking Price: $10,000,000
Annual Revenue: $11,887,200
Net Profit: Not Disclosed
Cash Flow: $4,932,227
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: NY
Year Established: 1994
Employees: 21
BBN Listing #: 521749666
Broker Reference #: 22497

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Business Overview:

The leading crane and rigging services company in the NY/NJ area. They have experienced management in place have extensive equipment including cranes of all kinds, man baskets,trucks, and rigging. The company is positioned for growth over the coming years as construction activity in their territory. The construction sector continues to grow with new projects and this business also has a unique niche because of their diversified client base. Perfect for related companies looking to expand or PE groups looking for a platform company with great financials. Serious inquiries only.

The owner is preparing for retirement in a couple years and wants to transition the business over to new ownership. The owner is willing to stay on for a 1-2 year transition period and will be active as a consultant beyond that if necessary. The business is poised to continue growing over the next few years as the clients and industries they work in will be expanding in the New York Metro area for years to come.

The business is housed in an industrial building with 5,500 square feet. Includes a storage building, offices and shop yard for trucks/equipment. Great location with lots of visibility and easy access to all highways.

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Property Features and Assets:

Monthly Rent: $14,760 Lease Ends: 2035-01-01 Area: 7,125 sq/ft Building Type: Free Standing Terms and Options: 3%

Reason for Selling:

Wants to retire.

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.

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