This is an equipment, truck and trailer sales, customization, and equipment rental business that sells/rents to construction companies, energy companies, ranchers, and developers. They can find, customize, rent, or sell anything a buyer would need at competitive pricing with good margins.
The trailing 12 months revenues through November 30 2018 were 4.19M with earnings of 827K. The earnings should have been 977K after an adjustment for him being gone during peak season for 4 ½ months(See adjusted earnings spreadsheet attached). 2017 had 3.45M in revenue with 798K in normally adjusted earnings. I don’t have the update for November yet, but the owner states it was their best November in several years. He has even started doing deliveries himself they have gotten so busy.
The Seller is asking for 1.67M down payment as part of a total sales price of 1.87M, debt free. There will be 1.87M in current value assets which is mostly heavy equipment. The buyer should be able to get either an SBA loan with 20% down or an asset(Equipment) backed loan. I have the contact info for both bankers. Please call me at 303-905-7607 if you want this. He is motivated to sell because of a health issue and we have lowered the price again. The owner will be flexible to help a buyer figure out a way to make this happen by adjusting the inventory either up or down and will adjust the sales price accordingly.
Many long-standing customers with big names along with hundreds of other long-term customers has resulted in a high percentage of recurring business.
Equipment companies are typically “Fun” businesses to own.
The owner takes 22 weeks off a year. A new owner will be able to grow this company by being there and focusing on growth.
Location: Wester CO along the I70 corridor