Profitable Indiana Heavy-Duty Crane Rental Service for sale

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Asking Price:
$1,300,000

Gross Revenue:
$832,588
Cash Flow:
$322,322
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
$1,200,000
included in asking price

Real Estate:
$200,000
not included in asking price

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Business Description

This profitable, heavy-duty crane rental service was started nearly 30 years ago. Starting out with just one crane, the business quickly grew into the leading crane rental service in their area. They have an excellent reputation based on safety, experience, and customer service.

This crane rental service is highly regarded and sought after. They provide rental services to commercial, residential, agricultural, and industrial clients. With the ability to provide the largest crane in the area, they have grown over the years from 1 to 5 cranes. They provide the experience and top notch hydraulic options needed for a wide range of services. Crane usage includes business complexes, universities, retail locations, modular homes, tree trimmings, barns, silos, water towers, crop storage, etc. The cranes are operated by experienced, certified company staff.

The heavy-duty crane rental service has strong, repeat client base. Clients know that the company will provide them with:

• The right crane for the job
• A certified, experienced crane operator
• A job completed quickly and safely
• Fair prices

The crane market is seeing growth thanks to the increases in residential and commercial construction. Cranes are some of the most expensive pieces of heavy equipment to purchase so it makes sense for end users to rent. Thanks to an ideal location and facilities that are easily expandable, the company can easily meet greater demand. Their close proximity to a major university is a big advantage. They are hired as subcontractors to do a large amount of service work for the university. The Sellers believe a new owner could increase revenues by advertising, adding larger cranes, taking credit card payments, and implementing new technology.

The real estate is owned by the Seller. The facility is approximately 5,600 square feet on 2+ acres of land. The Seller is willing to sell the real estate at fair market value of $200,000 or lease it for terms to be negotiated.

The equipment is in good condition and valued at $1,200,000. A detailed list of assets to be included in the sale is available upon request.

The ideal purchaser would be an existing crane business looking to expand, a company in the construction industry looking to add a strategic growth service, or an entrepreneur with crane experience looking to enter the market. The market is growing and there is no better time than now to join it!

About the Business

Location:
Indiana
Year Established:
1989
Number of Employees:
3 FTE
Real Estate:
Owned
Facilities:
Available for lease or purchase
Contact the Seller

About the Sale

Reason For Selling:
Retirement
Training/Support:
Seller will negotite a transition period
Seller Financing:
Seller will consider some financing for a qualified buyer

Listing Info

ID:
1530000
Ad Detail Views:
525

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  Crane Rental (250 KB)
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Business Listed by

Indiana Business Advisors

Indiana Business Advisors

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