This company has been in operation for over 50 years as a family-owned, union member, construction equipment sales and service business. The company offers equipment service and repairs (50% of Revenue) with 8 technicians on staff, machine sales (25% of Revenue), Equipment parts sales (20% of Revenue), and Machine Rentals (5% of Revenue). They primarily provide service & sales to customers in the following industries: demolition, excavating, scrap handling, recycling, construction and more. They operate with low customer concentration, with no customer representing over 10% of sales, and 90%+ repeat business from their loyal customer base.
The company has a management team in place and experienced employees, many of whom have been with the company for 15+ years. The business operates out of a company-owned 10-acre property that consists of 5 buildings for facilitating equipment service, sales and office duties totaling 20,000 Sqft of covered space. The Real Estate is available for purchase, separate from the purchase of the company. The Real Estate Asking Price is $810,000 as per an independent appraisal conducted by BBG in September 2021. The company is priced for the Net Book Value of Tangible Assets at Close ($9.96M as of 12/31/21).