Scaffolding Equipment Provider & Construction Materials Distributor

Louis, MO (Saint Louis City County)

Seller Financing Available
Scaffolding Equipment Provider & Construction Materials Distributor

Asking Price:N/A

Cash Flow:N/A

Gross Revenue:$10,600,000

EBITDA:$1,900,000

FF&E:$1,600,000

Inventory:N/A

Established:1991

Scaffolding Equipment Provider & Construction Materials Distributor

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Business Description

This Company comprises two divisions:
(A) One division rents and sells high-quality scaffolding equipment, primarily mast climbers. As an authorized distributor of several well-known mast and mini-mast climbers, the Company serves a territory covering five Midwest states. These products are considered to be very premium scaffolding equipment used on major construction projects. The Company sells and/or rents new equipment, and also rents and sells used equipment.
(B) The other division is a distributor of construction materials; products include that of masonry, concrete, thermal, and moisture protection, metals, and highway paving/site work equipment. This division caters to clients within 100 mile radius of its headquarters.

Detailed Information

Employees:
14
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company rents an office/warehouse facility in St. Louis, Missouri from an entity controlled by the owner. This facility includes 8,000 square feet of inside storage and 16,000 square feet of outside storage space.
Competition:
(A) Name & Reputation: In business for over 15 years, the Company is well established with a loyal customer base over 400 contractors and construction firms located in a wide geographic region. (B) Broad Target Market: The Company has historically served contractors in a five-state market region, covering Missouri, Iowa, Illinois, Kansas, and Oklahoma. However, Irwin Equipment has recently expanded its market territory and during 2014, South Carolina represented approximately 20% of revenues.
Growth & Expansion:
Hire a dedicated sales force - Currently, the shareholder is the primary outside salesperson, and he has considered hiring a dedicated sales force. He believes “the more calls you make, the more sales you make.”
Support & Training:
The shareholder is willing to stay with the Company during a transition period in order to ensure a seamless transfer of ownership.
Reason for Selling:
Retirement planning/Seeking Investment Partner

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Bryan Gooden

Business Listed By:
Bryan Gooden

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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