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: 9/8/2020

Overview / Comments

This company specializes in a full range of crane-related activities including setting trusses, air-conditioning units, sheds, steel erection, fiberglass pools, d├ęcor 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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