MergerPlace

Full Service Construction Equipment

Georgia


  • Asking Price: Not Disclosed
  • Gross Income: $16,744,221
  • Cash Flow: $2,144,973
  • Real Estate: Not Disclosed
  • Inventory: $1,938,363
  • FF&E: $4,596,712
  • Listing ID: #208838
  • Established: 1977
  • Employees: 24 FT/2 PT

Business Description

The company is a full service construction equipment distributor with individually staffed sales, service, parts and rental departments primarily serving the southeastern states. The company has enjoyed extensive brand exposure and recognition by maintaining distribution rights to leading national brands of commercial paving and associated equipment.

The company has demonstrated clear growth from the perspectives of both top-line revenue as well as gross profit metrics. Net margins are also poised for additional gains in the coming years in recognition of increased budget forecasts referenced in the DOT Transportation Improvement Program (document available upon request).

Most of the company’s customers are well-established and recurring. Contractors and government entities can purchase or rent the equipment. All customers for sales and rental are also potential service customers. How the products are used varies based on the type of equipment and the specific customer as well as the future projections of the state's DOT budget and other state/municipal budgets for road construction and infrastructure.

The owners propose a sale of the company in its entirety and will remain for a normal transition period. While sellers prefer a straight-forward structure, the company will consider all offers and structures. They will consider asset or stock sale.


Business Details

Primary Business Category: Wholesale Trade - Durable Goods
Location: Georgia

Company Information

Year Established: 1977
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 24 FT/2 PT

Financial Information

Gross Revenue: $16,744,221
Cash Flow: $2,144,973
FF&E: $4,596,712
Inventory: $1,938,363
Seller Financing Available: No

Property Information

Facilities:

A significant portion of the company's client base has been generated as a result of a strong performance reputation and referral work, securing the outlook for additional gains in the coming years. In terms of physical facilities, there is ample growth and expansion potential in this area. Currently, there are two office locations both operating under capacity, translating to viable development available for capture.

Growth & expansion opportunities:

The company has demonstrated clear growth from the perspectives of both top-line revenue as well as gross profit metrics. Net margins are also poised for additional gains in the coming years in recognition of increased budget forecasts referenced in the DOT Transportation Improvement Program.

Competition:

This company does business with the majority of the 159 counties in Georgia and potentially, different departments in these counties. They do business with every commercial contractor in the state, especially the “mid-range” commercial paving contractors in the $5MM-$30MM revenue range. The size of the company’s paving equipment does not lend itself to be the supplier to the largest paving contractors who are using highway class paving equipment regularly, however, they can sell these contractors compaction equipment, brooms, distribution trucks and other equipment. The company - through it's evolution - has remained a legitimate player even when measured against industry peers with greater resources and geographical reach. This speaks to keen management and decision making which has enabled the company to compete at a very high level for an extended period.

Reason for selling:

Retirement.

Support & Training:

Will train for 12 weeks @ $0 cost.

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Business Listed By:

Matt Slappey

Murphy Business Brokers