This is not SaaS.
This is physical equipment, inventory, dealers, and margins.
Let’s break it down 👇
This business is mainly a distributor of loaders + attachments.
Loaders are lower margin (~25%), but attachments are strong (~40%).
They sell through dealerships and rental companies across multiple industries.
That mix matters.
3/ What makes it interesting:
They brought a foreign manufacturer into the US and built the market here.
Early years were heavy investment.
Now the groundwork is done and sales are picking up.
That timing is important.
Financial snapshot:
• Revenue: ~$7.2–8.3M
• EBITDA (normalized): ~$617K
• SDE: ~$1.15M
• Inventory (cost): ~$3.8M
• Gross margin: ~41%
This is an asset-heavy, operator business.
Inventory is a big part of the value.
Retail value is much higher than cost.
They also have exclusive distribution rights and 30+ years goodwill.
Not easy to replicate quickly.
Where it can improve (my take):
• Push accessories harder (best margins)
• Improve dealer productivity
• Add stronger sales management
• Build recurring parts & service revenue
Right now it’s built to grow, not optimized yet.
Risks to know:
• Capital intensive
• Customer concentration (top 10 ≈ 55%)
• Needs strong execution
• Not a passive deal
This is for an operator or platform buyer, not hands-off.
Owners say clearly:
“With more capital, we’d stay another 5 years.”
They hit a growth ceiling, not a demand problem.
If you want the IM + deeper numbers,
DM me “EQUIPMENT” and I’ll explain how to access this deal and others like it.