Equipment Rental Business - Recurring Revenue with established accounts
| Asking Price: | $845,000 | Inventory: | $6,500 ++ |
| Gross Revenue: | $460,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | $230,000 | FF&E: | $400,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: Recurring revenue!!! | |||
This Profitable Well Established 50 Plus Year Old Company rents Specialized Equipment To Over 150 Locations In San Diego County. They Also Provided Service, Maintenance And Repair. The Owner Does Not Do Installation, Repair Maintenance Or Service Himself. Certified Technicians Perform Services. There Are Many Long Term Contracts In Place. In January 2009 Company Is Entered Into Another Long Term Contract That Will Increase Gross Revenues And Adjusted Net Profit Significantly. The Projected Adjusted Net For 2009 With This New Contract Is 230,000. Owner Indicates That There Is Very Little Competition In The San Diego Area. A Major Strength Which Adds To The Appeal Of The Business Is The Recurring Revenue Stream Provided By Current Lease Contracts. Price Includes 400,000 market value Of machinery currently producing income! Owner States There Is Little Competition In The Marketplace. This Great Opportunity Will Not Last Long.
About the Business
Year Established:1954
Employees:3 full time -
Relocatable:Yes
Facilities:Leased facility of approxiametly 1500 sg ft
Market Outlook and Competition:Minimal competition in market. Machinery, service, and products always in demand. Lots of growth potential with owner motivated to expand. Current owner is in "cruise" mode and is thinking retirement.
About the Sale
Management Training and Support:Seller will train and allow new owner to work under his license until new owner has own.
Reason For Selling:Retirement / Resume travel plans
Seller Financing:Seller will train and finance well collateralized buyer with attractive terms.
KEYWORDS: lease, recurring, revenue, growth, service, sales, opportunity, profitable, established,
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