Scaffold Rental with $14M in Tangible Assets

Introducing one of the Twin Cities largest scaffold rental businesses, which is boasting $4.3M in WIP and backlog – plus the new US Infrastructure Bill will guarantee this company will continue to product $14M+ in revenue; and with their focus on public work, a possible recession or slowdown in private sectors will not impact this business. The current owners are at different ages/life stages, which is the reason for sale. They are willing to carry a note and/or roll equity of 25% to show good faith in the onward success. Additionally, the younger partner will stay on board for 4-6 y ears as the Chief Operating Officer if desired by the buyer. Combining the 25% owner contribution with the $14.8M in tangible assets, the loan will be over-collateralized! Services include hauling, installing, dismantling, rental, and sales of scaffolding. The most impressive attribute of this business is their 98% recurring client base, and none of their clients make up more than 7% of sales, with an average tenure of 11 years. The expert team is surely what drives this repeat business, consisting of an office manager, 3 billing, 3 project managers, 5 foreman, 3 mechanics, 3 field managers, 4 drivers, and###-###-#### laborers from winter to summer.