Commercial Construction Rental Business
August 13, 2024
by an intermediary from University of Massachusetts at Amherst in Boston, MA, USA
Founded in 2017, this company was established to provide reliable solutions for containing dust and debris during renovation projects. The mission is to combine superior containment technology with a full-service rental solution, primarily serving general contractors and businesses across New England. The simple business model drives recurring revenue from its clients and has helped the company quickly expand its clientele to prominent construction firms, large retailers, and top hospitals in Massachusetts.
In mid-2023, new leadership introduced enhanced processes and efficiency goals, driving substantial growth and increasing profit margins from 15% to 54%. The company is poised for further expansion, with plans to add sales representatives and estimators. Additionally, a new, more affordable containment panel has been introduced to broaden market appeal.
Since its inception, the company has expanded significantly beyond its original location. In 2022, it partnered with a national brand to franchise and facilitate broader expansion, now operating in over 85 locations across the U.S. and Canada. The owners remain closely involved in operations, monitoring key business metrics on a weekly basis. There is also interest from the owners to sell their equity stake in the franchise model.
Financials:
2023 Revenue - $2,601,764
2023 Net Income - $834,077.15
2024 Proforma Revenue - $2,775,651
2024 Proforma - Net Income - $1,008,906
in Loudon, NH, USA
from Boston College in Boston, MA, USA