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
exclusive representation
industry
Wholesale
Wholesale
location
Salt Lake City, UT, USA
Salt Lake City, UT, USA
revenue
$18,000,000
$18,000,000
ebitda
$2,700,000
$2,700,000
proposed price
$11,600,000
$11,600,000
owner financing
$1,740,000
$1,740,000
equipment
$7,882,331
$7,882,331
SBA eligibility
yes
yes
collateral
Accounts Receivable
Cashflow
Equipment
Inventory
Accounts Receivable
Cashflow
Equipment
Inventory
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