Specialty Equipment Fleet: Rental and Maintenance

Salt Lake City, UT

Asking Price: Annual Revenue:
$11,600,000 $18,000,000

Wholesale/Distribution: Durable Goods

Request More Information
Contact the Seller

RE: Specialty Equipment Fleet: Rental and Maintenance Broker: Jared Olsen
Owner Financing is Available!
15% Buyer Down Payment $1,740,000 15% Seller Financing with Benchmarks $1,740,000 10% Seller Equity Roll $1,160,000 60% Bank Loan $6,960,000

Quick Facts

Asking Price: $11,600,000
Annual Revenue: $18,000,000
Net Profit: Not Disclosed
Cash Flow: $2,700,000
Total Debt: Not Disclosed
FF&E: $7,882,331
Real Estate: Not Disclosed
Year Established: 2007
Employees: 7
BBN Listing #: 900034398
Broker Reference #: TRN002-A

Email or Print Listing

Request More Information
Contact the Seller

Business Overview:

This specialty equipment business currently has $20M in
backlog; applying the average 19% profit margin, this business
could see profits over $3M in 2022! Their services are rental,
sales, repair, and maintenance of niche equipment, including
foundation & directional drilling equipment, cranes, and rotators.
With a primary location in Phoenix, Arizona and a second
location in Salt Lake City, Utah, they are able to service the
Southwestern sector of the United States. Their clients consist
of general & specialized contractors, foundation companies,
electrical companies, waste management, infrastructure firms,
and private owners of large equipment. Included with the
purchase of this business is over $7.9M in equipment and
inventory, making the business 68% collateralized. The team
includes a CFO, Operating Consultant & Mechanic, 2 Sales
Representatives, 1 Accountant, and 1 Yard Manager. The
owner oversees sales for only 15-20 hours a week, which the
COO is being mentored to absorb.

Established over 15 years ago, this well-known business offers
a solid reputation with only two competitors. Other growth
opportunities include increasing rental inventory and 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 $11,600,000 this business has the potential to return
$1,111,409 in 2022 based on the 2020+2022 average cash
flow. The current owner believes in the businesses onward &
upward revenues and is willing to roll equity of 10%, plus offer a
15% promissory note. This shows good faith in the future
success of the business and mitigates risk to the future owner!

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:

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:

Growth Opportunities: Increase rental inventory and add divisions of other specialty equipment, expand service area

Reason for Selling:

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

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.


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!