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    • Midwest Rigging Contractor Assisting Clients with Machinery Installment, Removal, and Relocation

      Midwest Rigging Contractor Assisting Clients with Machinery Installment, Removal, and Relocation

      Business Type

      Services - Freight, Moving/Delivery

      Area
      County State Nebraska
      Property Status Established Business Asking Price $3,146,000.00
      Down Payment $314,600.00 Total Debt
      Gross Sales $2,189,245.00 Total Income
      Total Expenses Terms
      Listing Flyer
      Summary

      Financial Overview        

      List Price:        $3,146,000

      Gross Sales

              2015: $2,189,245

      Owner Profit/Cash Flow

              2015: $953,599

      Profit Margin: 44%

      Multiple:   3.3 *Multiples range from 1-5, with the average being 3

      Valuation: 2015 Cash Flow        x        Multiple        =        Price

                          $953,599        x        3.3           =        $3,146,876

       After all debt services the Net Operating Income (Profit) will be $544,242. This represents a 173% Return on Investment.

      Description        

      A heavy lifting company serving manufacturing, utility, and machinery industries. This rigging business provides the lifting power necessary to move manufacturing equipment, turbines, printing presses, and much more! With 7 different lifts, this company is able to take on a wide range of jobs. These projects originate in Nebraska and Iowa, but with the many connections with long-haul trucking companies and expert technicians, this business can help their customers move anywhere in the country.


      Each project is assigned to one of two rigging crews. The crews consist of a working superintendent and 2-3 workers. Over 95% of the work is completed indoors, requiring special safety precautions. These crews are OSHA 10 certified to ensure the safety of all involved. They can put new equipment in place or load equipment for transport. When necessary, the business owners use the businesses well-established contacts to provide transportation and other technical services to their clients.


      A 2015 cash flow of $953,599 provided a 44% profit margin to the owners of this business. While only serving a limiting area and working on primarily smaller jobs worth $5,000-$8,000, this profit is impressive. Growth opportunities are abundant for this business and include expanding hauling operations and service area, as well as obtaining larger contracts, such as those related to medical equipment. After a down payment of $314,600, a buyer can expect a 173% return on investment. This is a Net Operating Income (Profit) of $544,242 for a new owner in the first year.

      Assets Included in Purchase: $1,233,578        

      Equipment: $980,000 (5 Ford Trucks, $110,000; 4 Tractors, $180,000; 6 Trailers, $128,000; 7 Lifts, $562,000)

      Intangible Assets:Presence Previously Established in 5 States: NE, IA, SD, KS, and MO.

      A/R: $253,578


      *amounts may vary                


      Business Information        

      Year Established:2005, At Current Location Since 2008

      Location: Eastern Nebraska

      Service Area: Daily jobs are typically completed with-in 150 miles of location. Jobs have extended to Texas, New York, and California as well as into Canada.

      Markets Served:Manufacturing, Utilities and Energy, Printing Services, and Machine Tools

      Lease: 15,000 sq. ft. Warehouse

      Reason for Selling:Planned transition to other business interests that are taking up more of the owner’s time.

      Employees: 1 Office Manager; 2 Crews of 3 to 4 Workers, Crews include 1 Working Superintendent and 2 to 3 Workers. All staff are OSHA 10 Certified and take part in proactive safety training programs.

      Hours: Monday – Friday: 8AM to 4:30PM

      Seller Training Period: Up to a Year (If Desired by Buyer)

      Growth Opportunities: Expand Hauling Operations, Expand Service Area, Seek Larger Contracts, Obtain More Medical Equipment Contracts (ie. MRI and CAT Scan Machines)

      Current Owner’s Responsibilities: Business Administration  and Project Quoting (Only when needed)             

      Funding Example        

      Purchase Price:        $3,146,000

      10% Buyer Down Payment:        $314,600

      15% Seller Financing:                   $471,900

      75% Bank Loan:                             $2,359,500

         

      Next Steps        

      For a detailed financial package, please contact Cortney Sells or one of The Firm Business Brokerage’s professionals at 402.998.5288 or email Confidential@TheFirmB2B.com.

       
      Print Listing
  • Lease / Asset Information
    • Rent Rent Deposits
      Lease Ends
      Accounts Receivable $253,578.00 Square Feet 15,000
      Inventory Inventory Included No
      Furniture, Fixtures, and Equipment (FF&E) $980,000.00 FF&E Included Yes
      Other Assets Assets Included Yes
  • General Business Info
    • Other Information
      Employees 9 Part Time Employees
      Hours Open 8AM-4:30PM Days Open Monday-Friday
      Year Established 2005
      Training
      Selling Reason
      Property Features
  • Images
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About the Broker....

The Firm Business Brokerage

Cortney Sells
11550 West Dodge Road
Omaha, Nebraska 68154
Phone: 402.998.5288
Fax: 402.939.0857
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Contact Information

Contact Name Cortney Sells
Phone # 402.998.5288
 

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