Versatile Scaffold Company with 95 Continually Rec

Not Disclosed, MN


Asking Price: Annual Revenue:
$18,500,000 $12,723,853

Services: Rentals - Party, Equipment


Request More Information
Contact the Seller

RE: Versatile Scaffold Company with 95 Continually Rec Broker: Cortney Sells

Quick Facts

Asking Price: $18,500,000
Annual Revenue: $12,723,853
Net Profit: Not Disclosed
Cash Flow: $4,623,103
Total Debt: Not Disclosed
FF&E: $2,744,894
Real Estate: Not Disclosed
Year Established: 2007
Employees: 52
BBN Listing #: 813834398
Broker Reference #: OFF010

Email or Print Listing

Request More Information
Contact the Seller


Business Overview:

The purchase of this scaffold company includes $2M of current backlog, $1.7M of works in progress, and over $14.8M in combined assets! This scaffolding company is able to offer a wide range of services thanks to the 60+ skilled employees on staff. Services include installation,
dismantlement, rental, or sale of frame scaffolding, system scaffolding, shoring scaffolding, and hydro mobile platforms. 60% of current revenue comes from equipment rentals. With a total client base of 500, 95 of which are continually recurring, including general contractors,
concrete & masonry, demolition, and repair & installation contractors, there is no shortage of projects! This company is currently operating at a 31% profit margin and currently is not allocating much funding or effort towards marketing or progressive growth, meaning a new owner has immediate room for expansion if desired.

Looking at the financials, this business was able to continue successfully in 2020 when COVID hit due to the amount of projects already on the table. Things slowed down in regards to getting new contracts though, so there wasn’t as much backlog going into 2021. They also moved locations January of 2021, which of course took man power and time to achieve. The business is currently back on track in 2022!

Boasting $4.5M in hydro mobile inventory (96), they are far ahead of their competitors who only have 1-3 units. They also offer 3D drawings on more complex projects which differentiates them in the market. In addition, the recently passed US infrastructure bill caters to this company’s core customer base and will certainly increase their revenue in the coming years.

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. This business has a sister company (23% of revenue) that is Union based. In any given month, they have around 150 work orders and their large projects that go for longer than
one year are greater than $1M in value.

The current workload consists of 40% construction, 30% restoration, and 20% industrial. At any given time, they have anywhere from 45 – 60 employees with 7 of them in the office, 12 in the yard/shop, and 25-40 laborers. Two of the owners focus primarily on sales; the third owner manages day to day business. They are currently transitioning responsibilities to other employees. Priced at $18,500,000, this is a business that is positioned to grow in the scaffolding space through acquisition of more inventory and expansion into different cities.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Buildings: 50,000 square feet space – 3,000 square feet is office building; 47,000 square feet is warehouse and 1.2 acres yard for outside storage.

Market Competition and Expansion:

Growth Opportunities: Expansion into other cities.

Reason for Selling:

Owners are all at different life stages and are pl

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.

Documents:

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!