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Industrial Drilling Equipment for Public Works

$4M in Backlog and $3.6M in the Sales Pipeline!

CASH FLOW
$2,197,677

Specifications

  • Price
    $10,100,000

  • Equipment
    $7,882,331

  • Revenue
    $14,892,838

  • Cash Flow
    $2,197,677

  • Employees
    6: 1 COO/Sales manager, 1 Project and Operations Manager, 1 Accounting and Sales Representative, 1 Office Admin, 1 Lead Mechanic and Technician, and 1 Yard Manager and Technician Consultant.

  • Service Area
    Southwestern United States

  • Account Receivable
    $479,049

  • Location
    Phoenix, AZ & Salt Lake City, UT

  • Reason for Sale
    After 15 years, the owner is ready to move on.

With $4M in backlog and $3.6M in their sales pipeline, this Industrial drilling equipment business is on track to have an amazing Q1 in 2023. In addition to the aforementioned financials, the newly signed infrastructure bill is set to impact this industry and provide organic growth through necessity of industrial equipment. With a primary location in Phoenix, Arizona and a second location in Salt Lake City, Utah, they are able to service general contractors, subcontractors, specialized contractors, foundation companies, electrical companies, waste management, infrastructure contractors and owners of large equipment in the Southwestern sector of the United States. The current owner only spends 15 hours a week in the business with the role of general oversite and is offering an 18-month transition period. The team consists of industry experts including the COO/Sales manager, a Project and Operations Manager, Accounting and Sales Representative, Office Administrator, a Lead Mechanic plus his Technician, a Yard Manager and Technician Consultant. Established over 15 years ago, this well-known business offers a solid reputation with only two competitors. This is an opportunity to purchase a rental, sales, and maintenance company specializing in heavy equipment such as foundation and directional drills. Continuing to lend to the stability of this transaction, it would also be 84% collateralized by the $7,800,000 worth of assets included in the purchase. Growth opportunities for the new owner could include expanding their reach into Texas. They have a client base made up of 75% repeat customers: This is primarily due to clients renting equipment, and then realizing they need to continue renting the unit for increased job performance or purchase it outright. Priced at $10,100,000 this business is ready for new ownership to step in and enjoy continued growth. The current owner believes in the business’s onward & upward revenues and, as a show of this faith and to mitigate the risk for future ownership, the seller has offered to carry a 10% equity roll as well as hold a 10% Promissory note.

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210 N 78th St. 2nd Floor
Omaha, NE 68114

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The Firm makes no warranties or representation in consideration to the information provided above. All communication regarding this business must occur directly with The Firm Advisors, LLC. The Firm is not a real estate brokerage and does not sell real estate. The Firm solely advises on exit strategy.