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For Sale: Scaffolding Rental Company - Premiere - South Bend, Indiana

$20,000,000.00

Asking Price

  • Address: South Bend, 46614.

South Bend Scaffolding Rental Company - Premiere Business For Sale

Description

The Company is a regional player that provides scaffolding services for a large portion of the Midwest.

Their services include the setup and tear down of scaffolding for new building construction and restoration. It provides flexible, reliable, and safe scaffolding solutions using a ring lock system, focusing on larger projects and responding swiftly to emergencies. They are a union shop, which entitles them to all of the best and marquee projects in their operating region. The company has a phenomenal intrinsic asset value of more than $8.6MM in scaffolding alone (that they own outright) and they continue purchasing additional assets to keep out in the field in order to churn out cash. Scaffolding has an excellent product life usability profile as well, with many assets on the books still that were placed in service all the way back to 2002 even.

Confidentiality is a concern for the Seller as they seek the right buyer, and so the location information provided in the ad is that of the Advisor in the related submarket, and not of the Business. Business location and name will be shared once a qualified Buyer prospect is vetted.

NDA is required to receive comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

Detailed Information

Facilities: The company operates utilizing 3 properties. The 1st building is a 10,000 sq ft office and storage space used by the office staff. The other two properties, warehouses, are spread out and serve as a hub to hold equipment and materials. The leases for all 3 properties is around $96,000 annually. There is flexibility by the Owner here if the properties would go with the business or not.

Competition: The Owner shares that the market is competitive, but overall demand is high and would not categorize it as fierce. Some competitors, with global recognition, may occasionally win opportunities but the Company offers superior delivery, professional employees, competitive bids, and commitment to excellence often securing the opportunities pursued and enabling repeat business.

Growth & Expansion: There is an opportunity to invest in a dedicated sales force to directly pursue opportunities their competition is securing. Additionally, opening additional locations across the country to expand their footprint and penetrate additional markets using its successful model would add additional revenue. This is a perfect platform play for a PE or family office looking to grow a national powerhouse.

Financing: TBD if structure and terms are acceptable.

Support & Training: As needed – specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the Business.

Reason for Selling: Looking to retire.

To get more information about this Scaffolding Rental Company - Premiere business for sale in South Bend please phone Rick Carlson (Agent - BRE License #:01820673) at 833-776-6682 and -- - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #287703 on BizBen.com. In addition to phoning Rick Carlson, make sure you email Rick Carlson above to get more info about this Scaffolding Rental Company - Premiere, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01820673. ProNova Partners.

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Contact

  1. Name: Rick Carlson
  2. phone iconPhone: 833-776-6682
  3. phone iconPhone: --

Details

  1. Asking Price: $20,000,000.00

  2. Down: Call/Email

  3. Cash Flow: $3,624,000.00

  4. Revenue:    $15,264,000.00

  1. Area: South Bend

  2. City: South Bend

  1. Attributes:

    Broker CooperationFinancial AssistanceTraining & SupportOwner/Seller Financing

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