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The Wall Street Journal Online

Crane Testing & Repair

South East

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Photo Available
Asking Price:
$3,000,000
Gross Income:
$3,500,000
Cash Flow:
$770,000
EBITDA:
$770,000
FF&E:
$450,000.00 *
Inventory:
N/A
Real Estate:
N/A
Year Established:
1999
Employees:
12
Business Types:
Marine Repair, Parts & Services
Special Trades

* included in the asking price

Business Description

The Company specializes in crane design, engineering, load testing, installation, repairs, maintenance, and inspection services, all in accordance with US Navy NAVFAC P-307 and OSHA Maritime standards and regulations. The primary business focus is on specialized projects for the Army, Navy, Air Force, and Marines. Capabilities include crane and hoist installations, mechanical and structural rehabilitations, engineering analysis, inspections, weight testing, fixture design and fabrications, and training. The Company is headquartered in a 12,000-square foot office and shop facility in central Virginia. The staff is comprised of a highly trained team of 12 full-time and 2 part-time, non-union employees.

Detailed Information

Facilities:
The business is headquartered in a 12,000-square foot office and shop facility in centraL Virginia. The lease was established in 2006 and renews on a yearly basis. The facility is personally owned by the shareholders, and is also available for acquisition and is located in an SBA designated HUB Zone.
Competition:
More than a dozen current military contracts; client list includes the top military entities under the US Department of Defense including: the US Navy, Army, Marines, Air Force, and Army Corps of Engineers. US Navy NAVFAC P-307 certifications and OSHA Maritime Accreditations.
Growth/Expansion:
Growth and success have been, and will continue to be, driven by the Company s outstanding reputation for the superior quality of its crane services supported by flawless customer support and execution. Nonetheless, the need for a well-conceived sales and marketing program will be integral to take the Company to the next level.
Financing:
negotiable
Support/Training:
Experienced and certified staff; seller certifications and training
Reason Selling:
to attract new ownership with greater capital and resources
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Broker Information

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$  (from currently available resources)
 

Business For Sale Listed By

Jim Russell
Corporate Development Advisors, LLC

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Ad#: 691104

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