Foundation & Underground Rental Equipment with $8M in Assets
2 Locations with 75% Repeat Clients
This foundation and underground rental equipment business operates out of two locations and specializes in directional drilling with over $8M of equipment in their inventory fleet. This nearly $8M in hard assets collateralizes 84% of the Buyer’s Financing of the purchase. 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. Their services include rental, sales, repair, and maintenance of niche equipment, including foundation & directional drilling equipment, cranes, and rotators. The team is well known for their excellent customer service and consists of 6 members including the COO/Sales manager, the Project and Operations Manager, the Accounting and Sales Representative, an Office Administrator, the Lead Mechanic and Technician, and a Yard Manager and Technician Consultant. The owner oversees sales for only 15-20 hours a week, which the COO is being mentored to absorb and the current owner is offering a training/transition.
Established over 15 years ago, this well-known business offers a solid reputation with only two competitors. Other growth opportunities 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 $10,900,000 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.
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Omaha, NE 68114
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