Deal Alert: Industrial Rigging and Crane Service Business

📍 Location: Connecticut
💰 Asking Price: $2.5M (Includes Inventory)435K
📊 Revenue: $4.7M - $5.2M (Annual)
💼 Seller's Discretionary Earnings (SDE): $900K

🌟 Why This Business is Great:

• Established Market Leadership: With over 50 years in operation, this business has firmly established itself as a leader in the Industrial Rigging and Crane Service industry. The company has cultivated a robust reputation for reliability, which has earned the trust of over 1,000 clients, 80% of whom are repeat customers. This speaks volumes about the quality of service and the deep client relationships that have been built over decades.

• Diverse Service Offering: The company’s focus on Heavy Equipment Moving, Crane and Rigging Services, and Specialized Transport ensures it remains integral to key sectors such as Manufacturing, Medical, and HVAC. This diverse service mix not only mitigates risk but also positions the business to capitalize on various market opportunities.

• Strategic Location: Based in Connecticut and serving a 150-mile radius, the business is strategically located to tap into several lucrative markets. The geographical advantage, combined with its extensive service area, gives it a competitive edge in the region.

• Strong Financial Performance: With annual revenues consistently ranging between $4.7M and $5.2M, and Seller's Discretionary Earnings (SDE) at around $900K, the financial health of the business is solid. The asking price of $2.5M, including inventory, reflects a reasonable multiple given the revenue and earnings track record.

🔍 My Analysis: This Industrial Rigging and Crane Service business offers a strong investment opportunity due to its long-standing reputation, established over 50 years, and a solid client base with 80% repeat customers. The business is financially healthy, with consistent annual revenues of $4.7M to $5.2M and Seller's Discretionary Earnings around $900K. The asking price of $2.5M, which includes inventory and specialized equipment, is well justified. Located in Connecticut, the business serves a large, lucrative market and is well-positioned to benefit from growth in sectors like Medical and Green Energy, as well as upcoming infrastructure investments. The owner's willingness to stay on during the transition adds to the appeal, ensuring continuity and a smooth handover. This is a stable, profitable business with significant growth potential.

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