Truck Crane Rentals, Rigging Business

Mid South

Truck Crane
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Asking Price: Get Financing: $15,000,000

Cash Flow: $2,400,000

Gross Revenue: $8,100,000

EBITDA: $2,100,000

FF&E: $11,500,000

Inventory: N/A

Real Estate: $750,000*

Established: N/A

*not included in asking price.

Truck Crane Rentals, Rigging Business

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Business Description

Industrial Services, Growth Opportunity

The Hatteras Group is pleased to represent the owner of an established and successful crane and rigging business for sale. Customer base is large, generally recurring and diverse. Typical customers include: industrial contractors, manufacturers, government entities and construction-related accounts. 800 unique customers in each of the past three years; median customer spend in 2017 was $2600. New construction accounts estimated to comprise no more than 25% of overall revenues.

Service radius roughly 300 miles from operation headquarters. Highlights include: established, diverse customer base, tenured staff and sizable, well-maintained fleet.

This opportunity is well-suited for a variety of buyer/investor types. Seller is available to work through a reasonable transition period and/or open to longer-term arrangements with and appropriate party. Key employees are expected to remain with new ownership.

Detailed Information

Real Estate:
Owned
Not included in asking price
Building SF:
9,000
Employees:
45
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Facility details will be discussed during a conversation with the intermediary.
Financing:
negotiable
Support & Training:
Owner willing to negotiate transition period and is prepared to remain with the business during that transition period.
Reason for Selling:
After 25 years in the business, owner transitioning to full-time prop mgmt.
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(from currently available funds)
 
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Jason Pope

Business Listed By:
Jason Pope

The Hatteras Group

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Sponsoring Broker:
Alan Clark

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