TWIN CITIES SCAFFOLDING RENTAL COMPANY W/ 33% PROFIT MARGIN

Looking for a buyer.
With $1.1m in monthly sales and $13M+ in assets, this company offers top-of-the-line scaffolding equipment in the Twin Cities metro area and has a 33% profit margin! They currently have 500 clients in their customer base, with 20 continuously recurring clients that include general contractors, concrete & masonry, demolition, and repair and installation contractors. They install, dismantle, rent, and sell frame scaffolding, system scaffolding, shoring scaffolding, and hydro mobile platforms with 59% of their revenue coming from rentals. With only $1M in capex, this business has over $13M in assets and over $3.5M in work-in-progress and backlog. They are on average 70% utilized with about $9.9M in inventory out for rentals on a monthly basis. With $3.9M in hydro mobile inventory (70 – 75 units) they are far ahead of their competitors who only have 1-3 units of a competing brand. They also offer 3D drawings on more complex projects which differentiates them in the market.

This company does little to no marketing or advertising because they have recurring clients due to their top-notch customer service, delivery options and the quality of indoor and outdoor scaffolding. This business has a sister company (23% of revenue) that is Union based. In any given month, they have around 150 work orders and their large projects that go for longer than on year are greater than $1M in value. Assets include almost $11M in scaffolding inventory and $1.6M in vehicles like trucks (5), 27-foot straight trucks, one-ton truck (1), pickups (20).

Their current backlog of projects is about $3.5M and they are over $13M sales for[redacted]At any given time, they have anywhere from 45 – 60 employees with 21 of them being office workers like sales representatives, office managers and the rest being laborers and contractors. Two of the owners focus primarily on sales and the third owner manages day to day business but they are currently transitioning responsibilities to other employees. Priced at $23,250,000, this is a business that is positioned to grow in the scaffolding space through acquisition of more inventory and expansion into different cities.

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