Scaffold Rental with $14M in Tangible Assets

October 04, 2022
by an intermediary from University of Kansas in Omaha, NE, USA
Introducing one of the Twin Cities largest scaffold rental businesses, which is boasting $4.3M in WIP and backlog – plus the new US Infrastructure Bill will guarantee this company will continue to product $14M+ in revenue; and with their focus on public work, a possible recession or slowdown in private sectors will not impact this business.
The current owners are at different ages/life stages, which is the reason for sale. They are willing to carry a note and/or roll equity of 25% to show good faith in the onward success. Additionally, the younger partner will stay on board for 4-6 y ears as the Chief Operating Officer if desired by the buyer. Combining the 25% owner contribution with the $14.8M in tangible assets, the loan will be over-collateralized! Services include hauling, installing, dismantling, rental, and sales of scaffolding.
The most impressive attribute of this business is their 98% recurring client base, and none of their clients make up more than 7% of sales, with an average tenure of 11 years. The expert team is surely what drives this repeat business, consisting of an office manager, 3 billing, 3 project managers, 5 foreman, 3 mechanics, 3 field managers, 4 drivers, and###-###-#### laborers from winter to summer.