Looking for a buyer.
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###-###-#### 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!

listing type
exclusive representation
Salt Lake City, UT, USA
proposed price
owner financing
SBA eligibility
Accounts Receivable
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