Catylist ID:
#30622828
Profitable Florida Crane Company
Undisclosed Address, Florida
Business Opportunity
for Sale
Catylist Listing ID: | 30622828 |
Property Subtypes: | Machinery |
Building Size (RSF): | See Agent |
Sale Price: | $1,175,000 |
In Opportunity Zone? | Yes |
Gross Revenue: | $861,812 (Annual) |
Cash Flow: | $0 (Annual) |
Last Updated: | 1/17/2021 |
Overview / Comments
This company specializes in a full range of crane-related activities including setting trusses, air-conditioning units, sheds, steel erection, fiberglass pools, décor and furnishings, and boats. The owners have operated the business for the past twenty-six years in a major metropolitan area of Florida, and they have a base of 160 customers. They own a fleet of six cranes, a .52-acre property for crane parking and storage and employ four certified NCCCO operators. Cash flow is strong at 30% of revenues and there is ample opportunity for growth with the six cranes. The owners are placing the company on the market because they wish to pursue early retirement and enjoy the benefits of having built a successful company poised for further growth. They are willing to negotiate a realistic transition period and remain with the business through its completion. |
Additional Details
Industry Segment: | Industrial Machinery Dealers and Distributors |
Reason for Selling: | Early retirement |
Value of Inventory Included ($): | $500,000 |
Value of Furniture, Fixtures, and Equipment ($): | $0 |
Value of Real Estate Included ($): | $0 |
Real Estate Lease Description: | .52 acre lot in rising industrial part of town used for crane parking. In the path of growth from major downtown projects and could accommodate an office if desired. Real estate available separately $205,000 sale price or $1,700 per month. |
Employee/Labor Description: | 6 employees |
Mgmt/Training Support Description: | Seller is willing to negotiate a realistic transition period and remain with the business through its completion. |
Competition/Market Description: | While competition exists, the crane niche requires training and equipment at a level that tends keep supply and demand balanced. |
Growth/Expansion Opportunities: | Strong construction growth in the area, the purchase of an additional crane and the company's reputation provide solid opportunity for organic growth. Also, growth into larger residential and commercial business is attainable. |
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