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Scaffolding Company Investment Opportunity in Riga, Latvia

Prominent scaffolding rental company in Latvia with 12% market share and over 1,700 clients.

Established 10-20 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 520 thousand
Run Rate Sales USD 630 thousand
EBITDA Margin 15 %
Industries Scaffolding
Locations  Riga
Local Time 8:36 AM Europe / Riga
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 294 thousand for 50.0% stake (Native Currency: EUR 280,000)
Reason: The owner is not interested in continuing the business anymore and wants to sell his shares in the c... View More
Includes physical assets worth USD 590 thousand
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Business Overview
- The business specializes in providing frame and modular scaffolding solutions for nonstandard building structures, including balconies, cornices, and round corners.
- The company is a prominent player in the scaffolding rental industry in Latvia.
- Boasts a substantial inventory of 25,000 sq m worth of scaffolding material and a diverse clientele of over 1,700 clients.
- It has established itself as a reputable dealer of leading scaffolding brands such as SLV Group, Pionart, Nova-Tech, and Krause, as well as being the leading dealer of the Plettac system in Latvia.
- With a 12% market share, the company is recognized as the 4th largest scaffolding rental company in Latvia, indicating a strong position within the market.
- The company is well-positioned to benefit from the funding allocated by the State to promote energy efficiency in residential buildings.
- With a highly qualified and experienced staff of 10 employees, including a professional installation crew.
- We procure raw materials from Poland through a strong network of 5-6 suppliers.
Products & Services Overview
- Our key service is the rental of frame and modular scaffolding, designed for nonstandard building structures such as balconies, cornices, and round corners,
- These offerings are utilized by construction companies, architects, builders, and property developers to meet specific design needs and ensure safety.
Assets Overview
The company's physical assets have a market value of EUR 850,000 which includes an extensive amount of scaffolding worth around EUR 700,000 and other assets necessary for work like aluminum towers, own office building, several large vehicles, aluminum stairs, and auto cars.
However, the owner is selling his share of the company at a lowered valuation due to the presence of loans in the company, the declining nature of the construction industry in Europe and to make it more attractive to a potential investor.
Facilities Overview
Our office is located on rented asphalted land. It spans a total area of 2,000 sq m and includes an owned warehouse and office building.
Capitalization Overview
There are 2 shareholders with a 50/50 equity split.
We use bank loans to fund scaffolding purchases and have a current outstanding of approximately EUR 130,000.
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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