Looking for a buyer.
This is an opportunity to purchase a rental, sales, and maintenance company specializing in heavy equipment such as foundation and directional drills. With a primary location in Phoenix, Arizona and a second location in Salt Lake City, Utah, they are able to service general contractors, subcontractors, specialized contractors, foundation companies, electrical companies, waste management, infrastructure contractors, owners of large equipment in the Southwestern sector of the United States. The owner only spends 15 hours a week in the business with the role of general oversite and is offering an 18-month transition period. The team consists of industry experts including the COO/Sales manager, a Project and Operations Manager, Accounting and Sales Representative, Office Administrator, a Lead Mechanic plus his Technician, a Yard Manager and Technician Consultant. Established over 15 years ago, this well-known business offers a solid reputation with only two competitors. This equipment business has confirmed contracts for 2022 equaling $2,700,000 in cash flow for###-###-#### Their current active backlog is $6,319,587 which is why the current owner is not concerned with the ongoing success of the business after sale. To demonstrate this confidence, the seller has offered a 15% seller earn out when the industry average for seller support is closer to 10%. Continuing to lend to the stability of this transaction, it would also be 84% collateralized by the $7,800,000 worth of assets included in the purchase. Growth opportunities for the new owner could include 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 $10,250,000 this business is ready for new ownership to step in and enjoy continued growth. The current owner believes in the business’s onward & upward revenues and, as a show of this faith and to mitigate the risk for future ownership, is willing to offer a 15% promissory note.

listing type
exclusive representation
Phoenix, AZ, USA
proposed price
owner financing
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