Scaffolding Equipment Rental Company

Fridley, MN
Anoka County


Asking Price: Annual Revenue:
$23,500,000 $15,248,006

Services: Rentals - Party, Equipment


Request More Information
Contact the Seller

RE: Scaffolding Equipment Rental Company Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $23,500,000 10% Buyer Down Payment $2,350,000 15% Seller Financing or Equity Roll $3,525,000 75% Bank Loan $17,625,000 A 10% down payment of $2,350,000 returns $2,801,646 in the first year after debt payments!

Quick Facts

Asking Price: $23,500,000
Annual Revenue: $15,248,006
Net Profit: Not Disclosed
Cash Flow: $6,759,560
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2007
Employees: 45
BBN Listing #: 564134398
Broker Reference #: TRN010

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

With only $1M in capex, this business has over $13M in assets and over $3.5M in work-in-progress and backlog! With a three-year average cash flow of $5,533,771, this company offers top-of-the-line scaffolding equipment to a diverse customer base of 500 customers in the Twin Cities metro area. They currently have 15 recurring clients that include general contractors, concrete & masonry, demolition, and repair and installation contractors. They install, dismantle, rent and sell frame scaffolding, system scaffolding, shoring scaffolding and hydro mobile platforms with 59% of their revenue coming from rentals.

They are on average 70% utilized with about $9.9M in inventory out for rentals on a monthly basis. With $3.9M in hydro mobile inventory (70 – 75 units) they are far ahead of their competitors who only have 1-3 units of a competing brand. They also offer 3D drawings on more complex projects which differentiates them in the market. This company does little to no marketing or advertising because they have recurring clients due to their top-notch customer service, delivery options and the quality of indoor and outdoor scaffolding. This business has a sister company (23% of revenue) that is Union based. Their current building space is 50,000 square feet with 3,000 square feet being the office building and 47,000 square feet of warehouse. There is also 1.2 acres yard for outside storage.

In any given month, they have around 150 work orders and their large projects that go for longer than on year are greater than $1M in value. Assets include almost $11M in scaffolding inventory and $1.6M in vehicles like trucks (5), 27-foot straight trucks, one-ton truck (1), pickups (20). Their current backlog of projects is about $3.5M and they are projecting $13M sales in 2020. At any given time, they have anywhere from 45 – 60 employees with 21 of them being office workers like sales representatives, office managers and the rest being laborers and contractors. Two of the owners focus primarily on sales and the third owner manages day to day business but they are currently transitioning responsibilities to other employees.

Priced at $23,500,000, 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:

Assets: $13M+ • Machinery & Equipment: $634,741 - Ladders • Vehicles: $1,578,432 - Flatbed trucks (5), 27-foot straight trucks, one-ton truck (1), pickups (20) • Furniture & Fixtures: $41,090 • Inventory / Rental Equipment: ~$11,000,000 • Buildings: $2,215,416 - 50,000 square feet warehouse • Land: $371,328 • Capital Expenditure: ~ $1,000,000 *amounts may vary, assets may be depreciated, replacement cost, or fair market value

Market Competition and Expansion:

Increase in inventory and expansion into other cities.

Reason for Selling:

Retirement

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!